Nvidia Earnings Report Set to Decide Fate of AMD Stock
The upcoming Q2 earnings report from Nvidia on August 26 could have significant implications for Advanced Micro Devices (AMD), which has dominated Nvidia in terms of stock performance this year.
Nvidia's data center division grew at a rate of 92% during its Q1 FY 2027 results, but AMD's Q2 growth rate surpassed that with a 107% increase. While Nvidia still holds the faster overall revenue growth rate, investors will be watching to see if Nvidia can maintain this pace or if AMD continues its recent outperformance.
AMD has made significant gains in the data center infrastructure sector, and if it can continue to grow at a faster clip than Nvidia, it could justify its recent stock performance. However, a strong showing from Nvidia's data center division could shift investor preference back to Nvidia and put pressure on AMD's stock.