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Did AMD Just Give Investors Reasons to Buy Nvidia?

AMD stock soars after better-than-expected results.

By Neil Rozenbaum – Jul 31, 2024 at 9:25AM EST

In this video, I go over Advanced Micro Devices's (AMD +0.71%) second-quarter earnings report, which was good enough for the stock to jump 7%. But given the current valuation, does it still make sense to pick AMD over Nvidia?

*Stock prices used were from the trading day of July 30, 2024. The video was published on July 30, 2024.

Read Next

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$246.79
(+0.71%)+$1.75
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$189.17
(+0.29%)+$0.54

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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