Does Advanced Micro Devices Stock Lead the Pack?

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AMD: Advanced Micro Devices logo
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Advanced Micro Devices

Advanced Micro Devices (AMD) stock has seen strong gains over the past year, but how does it truly measure against peers like NVIDIA and Broadcom in the ongoing AI and data-center boom? A closer look reveals robust revenue growth, yet its profitability margins lag top competitors, and a high valuation suggests limited upside amidst intense market competition.

  • AMD’s 9.4% operating margin is modest, trailing NVDA (58.8%) due to NVDA’s AI GPU dominance and high-margin ecosystem.
  • AMD’s 31.8% revenue growth, driven by data center AI and client CPUs, lags NVDA & MRVL due to their strong AI/data center focus.
  • AMD’s 88.3% stock gain and 108.7 PE reflect AI growth hopes, but INTC’s turnaround from a lower base brought stronger returns.

Here’s how Advanced Micro Devices stacks up across size, valuation, and profitability versus key peers.

  AMD INTC NVDA AVGO QCOM MRVL
Market Cap ($ Bil) 359.3 213.5 4,520.2 1,678.4 178.2 71.1
Revenue ($ Bil) 32.0 53.4 187.1 63.9 44.3 7.8
PE Ratio 108.7 1,078.1 45.6 72.6 32.2 28.7
LTM Revenue Growth 31.8% -1.5% 65.2% 23.9% 13.7% 45.0%
LTM Operating Margin 9.4% -0.2% 58.8% 40.8% 28.0% 14.7%
LTM FCF Margin 17.0% -15.8% 41.3% 42.1% 28.9% 20.2%
12M Market Return 88.3% 146.3% 39.5% 58.8% 7.5% -27.6%

For more details on Advanced Micro Devices, read Buy or Sell AMD Stock. Below we compare AMD’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
AMD 31.8% 13.7% -3.9% 43.6%
INTC -1.5% -2.1% -14.0% -20.2%
NVDA 65.2% 114.2% 125.9% 0.2%  
AVGO 23.9% 23.9% 44.0% 7.9%  
QCOM 13.7% 13.7% 8.8% -19.0%  
MRVL 45.0% 4.7% -7.0% 32.7%  

Operating Margin Comparison

  LTM 2025 2024 2023 2022
AMD 9.4% 8.1% 1.8% 5.4%
INTC -0.2% -8.9% 0.1% 3.7%
NVDA 58.8% 62.4% 54.1% 20.7%  
AVGO 40.8% 40.8% 29.1% 45.9%  
QCOM 28.0% 28.0% 26.3% 24.1%  
MRVL 14.7% -6.4% -7.9% 6.1%  

PE Ratio Comparison

  LTM 2025 2024 2023 2022
AMD 108.7 211.4 228.3 174.3
INTC 1078.1 -8.4 49.7 25.8
NVDA 45.6 62.8 111.4 282.0  
AVGO 72.6 70.5 181.9 32.9  
QCOM 32.2 33.8 16.9 22.3  
MRVL 28.7 -83.1 -101.9 -314.1  

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