This Analyst Said AMD Will Give Nvidia ‘Run For Its Money’ – Was He Right?

We recently published Top 10 Stocks to Watch After Federal Reserve’s Rate Cut. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks analysts were recently talking about.

Robert Schein, CIO of Blanke Schein Wealth Management, said in a program on CNBC in late July that AMD will give Nvidia a “run for its money.” Here is how the analyst explained his bullish thesis for the chip company.

“Valuation is a terrible tool for trading. we look at valuations. put that aside. We want to look at so what is the marketplace? The total addressable marketplace for AMD is now a rival for Nvidia’s chip. In fact, AMD just increased their chip, the MI 350, which is the rival to the Blackwell. and that they increased it 67% on pricing power alone. So, they went from 15,000 per chip to 25,000. That’s going to take their creative earnings right to the bottom line. That just shows that the AI space is live, well, and strong. And they’re there to give Nvidia a run for its money.”

AMD was trading at around $155 as of mid-July, while the stock price stands at $159 as of September 22. The company has so far failed to impress Wall Street compared to Nvidia. Many analysts also believe Nvidia’s latest $5 billion investment in Intel will negatively impact AMD as the Jensen Huang-led giant will poach its data center and PC business.

Photo by AlphaTradeZone

Longriver Partners Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second quarter 2025 investor letter:

“Nvidia’s NVLink, its high-bandwidth interconnect, underpins training at scale, where GPUs must coordinate across racks. NVLink Fusion, announced this year, may extend that advantage by letting custom chips plug into Nvidia’s system rather than replace it. However, many inference tasks can be handled independently, one GPU at a time. That lowers the importance of networking, and with it, Nvidia’s edge in tightly integrated systems.

This has given Advanced Micro Devices, Inc. (NASDAQ:AMD) a window to become more than a second source. Its MI300X is now deployed at Microsoft, Meta, Oracle, and Dell. In some inference workloads, it beats Nvidia’s H100. As one expert put it, “ROCm used to be a science project. Now we’re finally seeing it run real workloads.” AMD plans to ship full-rack MI400 systems next year. It still trails in training, but inference gives it a real wedge into the market.

AMD is also leaning into openness. ROCm is open source, its interconnects run over Ethernet, not proprietary links, and it is sticking with x86 CPUs. That may appeal to buyers wary of lock-in or reluctant to cross-compile for ARM.”

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Disclosure: None. This article is originally published at Insider Monkey.