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Better Buy: Nvidia vs. Advanced Micro Devices

TheMotleyFool

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Better Buy: Nvidia vs. Advanced Micro DevicesPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have been outstanding performers on the stock market so far this year, with shares of both tech giants beating the broader market by comfortable margins. Nvidia has turned out to be the better of the two stocks, as the chart below shows.

AMD stock, on the other hand, has underperformed the broader market for most of the year before stepping on the gas of late. However, AMD's weaker returns aren't necessarily a bad thing for investors who are looking to add a top growth stock to their portfolios right now. Let's see why that may be the case.