AMD Just Had Its Biggest Run Against Nvidia Since 1999. Can It Survive Earnings?

AMD outperformed Nvidia by 53.2 percentage points over five trading days, according to The Kobeissi Letter. That is the widest gap between the two chipmakers since Nvidia went public in January 1999. That lead met its first test on Friday, when AMD stock fell 8.75%. Nvidia’s November 17 earnings report now sets up the next one. How Nvidia’s Leadership Crisis Fed the AMD Rally AMD rallied 44.7% over the 5-day stretch while Nvidia dropped 8.5%, according to The Kobeissi Letter. The previous record gap, set in April 2016, stood at 49.9 percentage points. So far this year, the AMD vs Nvidia gap is even wider. AMD stock has gained 149.4% since January 1, while Nvidia is down 12.7%, as of Friday’s close.

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