InvestMoat

NVIDIA vs AMD

Is it even close?

NVIDIA wins, 85 to 69, on all three scores.

NVDA · Semiconductors

NVIDIA Corp.

…

Strong BuyFull analysis

AMD · Semiconductors

Advanced Micro Devices

…

HoldFull analysis

NVDA

AMD

Composite
85
(higher)
69
Moat
81
(higher)
53
Growth
91
(higher)
88
Valuation
74
(higher)
70

NVDA

AMD

Bear
$130
$280
Base
$260
$570
Bull
$430
$875
Upside to base
—
—

NVDA

AMD

Revenue CAGR, 3–5 yr
35–50%
32–42%

NVDA

AMD

Proprietary Data
Intact
Intact
Regulatory Lock-In
N/A
N/A
Network Effects
Strong (higher)
Weakened
Transaction Embedding
Strong (higher)
Intact
System of Record
Intact (higher)
N/A
Scale Economics
Strong (higher)
N/A
Brand & Pricing Power
N/A
N/A

NVDA

AMD

Learned Interfaces
Strong (higher)
Weakened
Business Logic
Intact (higher)
N/A
Public Data Access
N/A
N/A
Talent Scarcity
Intact
Intact
Bundling
Intact
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, NVIDIA or AMD?

NVIDIA wins, 85 to 69, on all three scores. Our rating: NVIDIA Strong Buy, AMD Hold.

Does NVIDIA or AMD have the wider moat?

NVIDIA scores 81 on moat to AMD's 53. NVIDIA is rated stronger on network effects, learned interfaces and transaction embedding.

Which is growing faster, NVIDIA or AMD?

NVIDIA scores 91 on growth to AMD's 88. We expect NVIDIA to grow 35–50% a year, AMD 32–42%.

Is NVIDIA or AMD cheaper right now?

NVIDIA scores 74 on valuation to AMD's 70. In our base case, NVIDIA has more upside: +23% vs +10%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.