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 2026-09-26.
Advanced Micro Devices, Inc. · Technology
$614.61
-13.7% upside to fair value
Med Conviction
Grade C
VS
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
High Quality
QuantHub Verdict
AMD has more upside to fair value
(-13.7%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AMD |
QCOM |
| Current Price |
$614.61 |
$201.97 |
| Fair Value Estimate |
$530.25 |
$159.42 |
| Upside to Fair Value |
-13.7%
|
-21.1%
|
| Market Cap |
$1,002.2B |
$212.1B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
93.4x
|
16.5x
|
| Price / Sales |
24.3x
|
4.8x
|
| Price / FCF |
119.3x
|
20.5x
|
| Revenue Growth YoY |
+50.1%
|
-4.0%
|
| Gross Margin |
53.2%
|
54.2%
|
| Operating Margin |
15.7%
|
23.2%
|
| Return on Equity |
10.1%
|
37.3%
|
| Dividend Yield |
0% |
1.79% |
| FCF Yield |
0.84%
|
4.88%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Advanced Micro Devices designs x86 CPUs, GPUs, and data-center accelerators across two segments, Computing and Graphics and Enterprise, Embedded and Semi-Custom, with 31,000 employees and a $1.002 trillion market capitalization at $614.61 per share. The business quality is genuinely improving: revenue grew 50.1% year over year in the most recent quarter, earnings grew 163.4% year over year in the…
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
Accumulation Zones
| Metric |
AMD |
QCOM |
| Zone Low |
$397.69 |
$119.56 |
| Zone High |
$450.71 |
$135.51 |
| In Buy Zone? |
No
|
No
|