Better Artificial Intelligence (AI) Stock Buy in June: AMD vs. Nvidia (The Winner Might Surprise You) - The Globe and Mail

In 2026, the artificial intelligence (AI) stock market has seen notable shifts, particularly between AMD and NVIDIA. While AMD's stock has risen around 130% in 2026, significantly outpacing NVIDIA's 1... Read original →

AMD’s 130% stock surge in 2026 reflects over-optimism—its 70x forward P/E has priced in growth it hasn’t yet delivered, while NVIDIA maintains structural dominance in AI data centers with 92% YoY revenue growth. Beyond GPUs, NVIDIA’s Microsoft-backed CPU push creates a full-stack moat, pulling upstream advanced packaging and downstream AI training ecosystems into its orbit. Geopolitically, tightening U.S.-China tech controls favor NVIDIA’s diversified manufacturing (including Taiwan, China and U.S. fabs) and robust compliance infrastructure; AMD’s concentrated foundry reliance poses supply chain fragility. In response, AMD may accelerate ROCm adoption and co-design chips with cloud providers, but closing the compute share gap within 12–24 months is unlikely. Given today’s valuation disconnect, NVIDIA offers superior risk-adjusted returns.