) stock began trading with its new 10-for-1 stock-split adjustment. While it caused a brief -2.3% drop, NVDA shares rallied and continue to trade sideways at present $120 per share. NVDA stock is now “cheaper” than the company’s long-standing competitor at that price point.) is trading at $163 per share, 75% above its 52-week low point of $93.11. Year-to-date, AMD is only up 19%, compared to NVDA, which is 151%.
However, Nvidia outgrew that sector of consumer desktops and laptops by shifting to data centers and high-performance computing . At the same time, Nvidia retains a lion’s market share in GPUs at 80% vs AMD’s 19%, per Jon Peddie data as of Q4 2023. AMD now has to compete with Nvidia’s dominant 94% market share in the data center segment, per Mercury Research. Nvidia accomplished this feat by pushing its own Ageia PhysX framework for simulations, alongside numerous libraries, CUDA Toolkit, HPC SDK, Modulus, and IndeX.
Moreover, it will take a while before AMD catches up with Nvidia’s in-sync releases of GPUs with proprietary CUDA Toolkit versions. As noted, these toolkits have thus far locked in many AI developers and researchers. Based on these trends, Nvidia and AMD appear neck and neck in the tech arena. This mirrors the two companies’ history, where their products are comparable, but AMD caters to the mid-tier sector with competitive pricing.Nvidia’s price-to-earnings ratio was 102 in 2024 , estimated to lower to 47 next year. AMD’s P/E was 84 last year, and it is estimated to grow to 64 next year.
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