Market
Nvidia Trades at Half AMDās Multiple ā but Hereās the Real Story the Market Is Missing
ZivFin AnalysisApr 26, 2026
At first glance, it doesnāt make much sense. Nvidia (NASDAQ:NVDA) ā the undisputed leader of the AI chip boom ā trades at roughly half the forward earnings multiple of Advanced Micro Devices (NASDAQ:AMD), a smaller rival still fighting for share. That gap might suggest the market expects a sharp slowdown from Nvidia, or a major ... Nvidia Trades at Half AMDās Multiple ā but Hereās the Real Story the Market Is Missing