Shares of Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) are up 8% in midday trading on Wednesday, leading the large-cap chip complex. The stock is bouncing off a soft week, with AMD shares having pulled back 8% over the prior five sessions before today’s surge.
Intel (NASDAQ:INTC) is also higher, up 6.5% intraday after reports of talks to acquire AI chip startup Tenstorrent. NVIDIA (NASDAQ:NVDA) is trailing the group with a gain of 2%.
So yes, AMD stock is outpacing both peers today. However, the year-to-date scoreboard tells a more complicated story, with Intel sitting on a roughly tripled price and NVIDIA, the AI bellwether, lagging the trio in 2026.
Today’s Chip Scorecard
AMD closed Tuesday near $414.05, while Intel ended around $110.80 and NVIDIA settled near $220.61. Each of the three traded lower over the prior week, setting up today’s rebound dynamics across the group.
| Ticker | Today | 1-Month | YTD | 1-Year |
|---|---|---|---|---|
| AMD | +8% | +49% | +93% | +261% |
| INTC | +6.5% | +62% | +200% | +418% |
| NVDA | +2% | +9% | +18% | +63% |
The pattern is clear. AMD stock leads today, Intel has been the surprise year-to-date champion, and NVIDIA is the relative laggard of the trio so far in 2026.
Why AMD Is Outperforming Today
Part of today’s pop is a clean bounce. After climbing 49% over the past month, AMD stock cooled into Monday, handing momentum buyers a more attractive entry. The fundamentals haven’t changed, and Citi’s recent $460 price target still anchors the bull case.
Advanced Micro Devices’ Q1 2026 report on May 5 delivered revenue of $10.25 billion, up 38% year over year. Data Center revenue of $5.78 billion surged 57%, and management guided Q2 2026 to roughly $11.2 billion, implying 46% growth.
Advanced Micro Devices CEO Lisa Su asserted, “We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure… Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations.” AMD offers the cleanest broad-based AI exposure across EPYC server CPUs, Instinct GPUs, embedded, and client. When chip sentiment turns positive, AMD stock captures the widest beneficiary halo.
Intel’s Comeback and NVIDIA’s Pause
Intel’s 200% year-to-date run is the surprise story of 2026. The turnaround narrative under CEO Lip-Bu Tan has gathered force on foundry progress, government support, and the agentic CPU thesis, while reported talks to acquire AI chip startup Tenstorrent reinforce the framing that Intel is back in the AI conversation.
Intel’s Q1 2026 results helped, with revenue of $13.58 billion, up 7% year over year, and Data Center and AI revenue climbing 22%. Intel was also selected as the host CPU for NVIDIA’s DGX Rubin NVL8 systems, a meaningful endorsement from the AI king itself.
NVIDIA, meanwhile, has been digesting prior gains. After the multi-year vertical move, fresh upside requires fresh catalysts, valuation concerns from large investors have surfaced, and sophisticated investors have been hedging NVIDIA stock exposure in recent weeks. Rotation into value-chip comeback names like Intel has acted as a real headwind for NVIDIA stock.
What to Watch
The headline question deserves a fair answer. Yes, AMD is outperforming both Intel and NVIDIA today, yet Intel remains the runaway year-to-date leader, and NVIDIA has been the relative laggard despite its dominance in AI accelerators.
The next catalysts come quickly. NVIDIA’s upcoming earnings print will reset the bar for the entire AI infrastructure trade, progress on Intel’s Tenstorrent talks could keep the comeback narrative hot, and AMD investors will watch for whether the MI450 customer ramp continues to track ahead of plan.
For now, AMD stock is reclaiming leadership in the group on a session basis. A cautious position size makes sense given how far each name has already traveled in 2026.
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