AMD vs TSM: Which Is the Better Buy?
Side-by-side comparison of Advanced Micro Devices, Inc. and Taiwan Semiconductor Manufacturing Company Limited — 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
Taiwan Semiconductor Manufacturing Company Limited · Technology
$365.90
-3.8% upside to fair value
Med Conviction
Grade B+
QuantHub Verdict
AMD has more upside to fair value
(+40.5%).
TSM trades at a lower forward P/E
(26.0x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMD |
TSM |
| Current Price |
$278.26 |
$365.90 |
| Fair Value Estimate |
$391.00 |
$352.00 |
| Upside to Fair Value |
+40.5%
|
-3.8%
|
| Market Cap |
$453.7B |
$1,897.7B |
| Forward P/E |
104.6x
|
26.0x
|
| EV / EBITDA |
—
|
18.1x
|
| Price / Sales |
13.1x
|
13.3x
|
| Price / FCF |
67.4x
|
54.0x
|
| Revenue Growth YoY |
+11.1%
|
+33.0%
|
| Gross Margin |
49.5%
|
59.9%
|
| Operating Margin |
10.7%
|
50.8%
|
| Return on Equity |
7.2%
|
35.1%
|
| Dividend Yield |
— |
1.05% |
| FCF Yield |
1.5%
|
1.85%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
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…
TSMC remains the single most critical company in the global semiconductor supply chain, manufacturing virtually every leading-edge AI chip for NVIDIA, Apple, AMD, and the hyperscalers. The company delivered exceptional 2025 results with 33% revenue growth and 50% net income growth, driven by HPC surging to 55% of Q4 revenue. At the 3nm node, TSMC maintains production yields of 70-80% versus Samsu…
Accumulation Zones
| Metric |
AMD |
TSM |
| Zone Low |
$293.00 |
$265.00 |
| Zone High |
$332.00 |
$310.00 |
| In Buy Zone? |
Yes
|
No
|