Nvidia CEO Jensen Huang drew a lot of attention last week at a tech conference in Taiwan when he called Marvell Technology (NASDAQ: MRVL) the next trillion-dollar company.
But I think Advanced Micro Devices (NASDAQ: AMD) is more likely to reach that milestone first
Rising revenue and improving margins are signs of AMD’s major catalysts, which are attractive tailwinds for long-term investors. Here are some other reasons why AMD has the advantage. AMD is a lot closer to a $1 trillion market cap than Marvell Technology AMD has been one of the hottest artificial intelligence (AI) stocks lately, with its share price spiking more than 130% year to date.
That puts its stock performance ahead of other AI chipmakers, like Nvidia and Broadcom. Marvell has outperformed AMD year to date with a major assist from Huang, but looking at both companies’ market caps reveals that AMD is much closer. The GPU chipmaker has a market cap above $850 billion, while Marvell Technology still has a total valuation below $300 billion.