AMD up approximately 160% this year, author notes stock price has outpaced business
NVDA NVIDIA Corp
$214.13 -1.43%
View chart & analysis → - 1AMD (AMD) shares rose approximately 160% this year, ranking 9th among S&P 500 constituents
- 2Second quarter revenue increased 50% year-over-year to $11.5 billion, while data center revenue grew 107% to $6.7 billion
- 3The author suggested investing in NVIDIA (NVDA) after taking profits on AMD, noting AMD's stock price is much higher relative to NVIDIA's forward earnings
So what's the key point?
AMD's stock price rose significantly this year and its business grew quickly. However, the author believes NVIDIA is growing faster while its price remains much lower.
Source The Motley Fool +1 · View original ↗
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