AMD vs QCOM: Which Is the Better Buy?
Side-by-side comparison of Advanced Micro Devices, Inc. and QUALCOMM Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-16.
Advanced Micro Devices, Inc. · Technology
$278.26
+40.5% upside to fair value
High Conviction
Grade B+
VS
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
QCOM has more upside to fair value
(+77.7%).
QCOM trades at a lower forward P/E
(26.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMD |
QCOM |
| Current Price |
$278.26 |
$134.47 |
| Fair Value Estimate |
$391.00 |
$239.00 |
| Upside to Fair Value |
+40.5%
|
+77.7%
|
| Market Cap |
$453.7B |
$143.6B |
| Forward P/E |
104.6x
|
26.8x
|
| EV / EBITDA |
—
|
—
|
| Price / Sales |
13.1x
|
3.2x
|
| Price / FCF |
67.4x
|
11.1x
|
| Revenue Growth YoY |
+11.1%
|
+8.7%
|
| Gross Margin |
49.5%
|
55.1%
|
| Operating Margin |
10.7%
|
27.1%
|
| Return on Equity |
7.2%
|
21.6%
|
| Dividend Yield |
— |
— |
| FCF Yield |
1.5%
|
9.0%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
AMD has solidified its position as a premier challenger to NVIDIA in AI GPUs and Intel in CPUs, fueled by explosive Data Center growth reaching $16.6 billion in 2025, up 32% year-over-year, alongside robust Client and Gaming expansion to $14.6 billion, up 51%. Under CEO Lisa Su's leadership, the company achieved 34% total revenue growth to $34.6 billion in 2025 with net income of $4.3 billion, ye…
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
| Metric |
AMD |
QCOM |
| Zone Low |
$293.00 |
$179.00 |
| Zone High |
$332.00 |
$203.00 |
| In Buy Zone? |
Yes
|
Yes
|