While the client division saw strong growth, neither of AMD's other weak divisions was able to bolster revenue growth overall. Companywide in Q4, AMD's revenue rose 24% year over year, but its margins suffered, with net income decreasing 28% year over year. AMD's profit margin recovered from a dip in 2023, but it still hasn't reached 2021 levels.

Is Advanced Micro Devices, Inc. the next Nvidia or Intel? Explore AMD's Q4 results, AI market potential, and competition. Click for more on AMD, NVDA, and INTC.

NVIDIA Corporation’s NVDA leadership in the data center computing market, fueled by significant investment in artificial intelligence (AI) infrastructure, provides a strong long-term advantage. Yet, rival Advanced Micro Devices,

From this perspective, AMD's stock looks far more expensive than Nvidia's, which it is. However, both companies are undergoing strong growth, and AMD's profit picture is set to improve throughout 2025, so using a forward P/E ratio is also a good idea.