AMD Is Now More Expensive Than Nvidia And Broadcom (NASDAQ:AMD)

seekingalpha.com · 2026-09-07

Advanced Micro Devices, Inc. posted record Q2 results, with revenue up 50% YoY to $11.54B, driven by data center strength. Click for this AMD update.

TickrTrends take: AMD's recent price appreciation has narrowed its valuation discount relative to peers in the semiconductor industry, which may constrain the undervalued designation if multiples continue to compress. Valuation-focused investors should monitor whether AMD's expense relative to Nvidia and Broadcom reflects improved earnings growth or is primarily driven by multiple expansion, as this distinction determines whether the current undervalued assessment remains justified. The relative valuation shift also suggests that any future pullback in AMD's stock price could restore a wider discount to competitors and reinforce the undervalued positioning.

Read the full story at seekingalpha.com →