NVDA vs AMD: The Nasdaq AI Chip Race, Returns, and Business Models
NVIDIA (NVDA stock) and Advanced Micro Devices (AMD stock) sit at the center of the modern computing stack—CPUs, GPUs, networking, and accelerators that power PCs, cloud data centers, gaming, and now the AI buildout. Both trade on the Nasdaq and are widely owned by institutions, index funds, and retail investors.But “both are chip stocks” is where the similarity ends. NVDA has evolved into a full-stack AI infrastructure supplier with a software moat (CUDA) and tight platform control, while AMD i