While the client division saw strong growth, neither of AMD's other weak divisions was able to bolster revenue growth overall. Companywide in Q4, AMD's revenue rose 24% year over year, but its margins suffered, with net income decreasing 28% year over year. AMD's profit margin recovered from a dip in 2023, but it still hasn't reached 2021 levels.

Is Advanced Micro Devices, Inc. the next Nvidia or Intel? Explore AMD's Q4 results, AI market potential, and competition. Click for more on AMD, NVDA, and INTC.

NVIDIA Corporation’s NVDA leadership in the data center computing market, fueled by significant investment in artificial intelligence (AI) infrastructure, provides a strong long-term advantage. Yet, rival Advanced Micro Devices,

Nvidia trades at 33 times its projected earnings for fiscal 2026 (which ends in January 2026), while AMD trades at 45 times its estimated earnings for 2025. Therefore, Nvidia's stock still looks cheaper than AMD's relative to its growth potential -- even though it has already outperformed AMD by a wide margin over the past five years.