To The Moon

Semiconductors are once again leading the market charge — and two names dominate the spotlight: Nvidia and AMD. Nvidia may have captured the AI crown with its record-shattering valuation and meteoric rise past the $4 trillion mark, but AMD is quietly building momentum of its own. The question on traders' minds now: can AMD close the gap, or even outrun Nvidia in the race to $200?

Nvidia’s edge has been its stranglehold on AI training chips, notably the H100 and upcoming Blackwell. But AMD’s MI300 series is gaining traction fast. Major cloud players — including Microsoft, Meta, and Oracle — have started adopting AMD’s hardware in their AI workloads, signaling a potential shift in market share. If AMD continues to prove its chips can deliver high performance with lower power consumption and cost, investor sentiment could rapidly rotate in its favor.

The valuation gap is also impossible to ignore. Nvidia trades at a premium — with high expectations baked into its stock. That leaves less room for error. AMD, on the other hand, has more catch-up potential. Even a small beat or positive guidance surprise could spark a strong upside rally. And if sentiment in the AI and PC recovery trade continues to strengthen, AMD could be seen as a "cheaper" way to gain exposure.

But it’s not just a technical race. Earnings, product roadmaps, and guidance over the next 1–2 quarters will be key. Can AMD show real traction in AI datacenter chips? Can it reclaim mindshare in gaming and PC CPUs? And will Nvidia face margin compression as competition intensifies?

In this battle of the titans, both names could hit $200 — but the journey might be very different. Nvidia may get there with dominance and scale. AMD might do it with surprise, speed, and sentiment tailwinds.

Which chip stock are you backing in this rally? Will AMD finally get its breakout moment?