AMD stock is up 125.9% in 2026 through Tuesday's close, more than 11 times the 10.5% gain in the S&P 500.
Shares rose from $214.16 at the end of 2025 to $483.90 on Tuesday.
Nvidia is up 10.8% over the same stretch.
Here is how the three compare this year.
AMD +125.9%
Nvidia +10.8%
S&P 500 +10.5%
The S&P 500 rose from 6,845.50 to 7,568.92.
AMD is still 25% below its October 6 closing high of $649.42.
The chipmaker reported record third-quarter revenue of nearly $13.4 billion after the bell Tuesday. Read our full AMD earnings breakdown.
The AI chip trade this year runs through AMD, not just Nvidia.
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