AMD Just Joined Nvidia in the $1 Trillion Club. At $614, Wall Street Is Paying Too Much for a Distant No. 2.

Key Points AMD stock is up 187% so far this year, handily outperforming Nvidia. While AMD has signed landmark deals with artificial intelligence (AI) hyperscalers, the company's data center business pales in comparison to Nvidia. AMD is a much more expensive stock than Nvidia based on earnings multiples. 10 stocks we like better than Nvidia › The trillion-dollar club just ushered in its newest member. As of midday trading on Sept. 23, Advanced Micro Devices (NASDAQ: AMD) boasts a market cap of $1 trillion. AMD now joins Nvidia (NASDAQ: NVDA) , Taiwan Semiconductor Manufacturing , Broadcom , Samsung , and Micron Technology as the semiconductor stocks with a trillion-dollar valuation.