AMD Investors Hold Breath as Nvidia Earnings Report Looms

Nvidia's upcoming Q2 earnings report on August 26 could have significant implications for Advanced Micro Devices (AMD) investors. Despite AMD's impressive outperformance of Nvidia in 2026, rising about 120% versus Nvidia's 16%, the investment community may shift its preference back to Nvidia if it meets expectations.

Nvidia has historically dominated the data center infrastructure sector, but AMD's recent growth rate surpassed that of Nvidia, growing at 107% compared to Nvidia's 92%. However, investors are more concerned with market share potential than revenue figures.

If Nvidia can maintain its data center division growth rate and outpace AMD's Q2 results, it could lead to a revival in Nvidia's stock price. This, in turn, may cause some selling pressure on AMD's stock as funds are redirected from AMD to buy Nvidia.