Market snapshot · September 18, 2026 close
S&P 500 (SPY) $761.69 −0.13% Nasdaq-100 (QQQ) $721.45 +0.60% Dow (DIA) $515.88 −0.48% Russell 2000 (IWM) $284.10 −0.52% 10-Year Treasury (IEF) $90.80 −0.49% Crude Oil (USO) $153.82 −0.93% Gold (GLD) $401.17 +0.74% US Dollar Index (UUP) $28.39 −0.02% Volatility (VXX) $17.76 +0.31% Semiconductors (SMH) $573.00 +2.17% Silver (SLV) $59.93 +1.65% Emerging Markets (EEM) $67.03 +0.19% Bitcoin (BTC) $81,055.00 +4.51% Ethereum (ETH) $2,630.20 +5.92% S&P 500 (SPY) $761.69 −0.13% Nasdaq-100 (QQQ) $721.45 +0.60% Dow (DIA) $515.88 −0.48% Russell 2000 (IWM) $284.10 −0.52% 10-Year Treasury (IEF) $90.80 −0.49% Crude Oil (USO) $153.82 −0.93% Gold (GLD) $401.17 +0.74% US Dollar Index (UUP) $28.39 −0.02% Volatility (VXX) $17.76 +0.31% Semiconductors (SMH) $573.00 +2.17% Silver (SLV) $59.93 +1.65% Emerging Markets (EEM) $67.03 +0.19% Bitcoin (BTC) $81,055.00 +4.51% Ethereum (ETH) $2,630.20 +5.92%
AEACapital Research

Independent student research — not an investment firm or financial advice

Competitive Comparison

AMD vs. Intel vs. NVIDIA

Three different bets on the same AI-accelerator demand cycle, compared on real fundamentals — a leader I don't own, a challenger I do, and a turnaround story I also hold.

MetricNVIDIA (NVDA)Advanced Micro Devices (AMD)Intel (INTC)
Market cap~$3.57T (source dispute; possibly higher, see model)~$765B (implied, 1.63B sh)Sources conflict this quarter, mid-turnaround
P/E ratio (TTM)33.16 (forward 22.43)123.37 (forward 43.52)n/m trailing (forward 76.86)
PEG ratio0.510.73N/A (turnaround still being priced)
EV/EBITDA29.43x82.00x23.73–43.03x (wide swing)
Capex (TTM)$6.57B$282M (quarterly)−$13.10B

EV/EBITDA, compared

AMD
82.00x
NVDA
29.43x
INTC
~43.03x

Same EV/EBITDA figures as the table above, plotted for a direct read. Bold = held in this book.

Market cap, P/E, PEG, EV/EBITDA, and capex sourced via public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases), as of August 2026. PEG ratio sourced primarily from GuruFocus where available; different providers use different growth-rate assumptions, so figures elsewhere for the same stock can vary by several multiples. Gold-highlighted column(s) indicate the name(s) actually held in this book.

Why I own AMD and INTC, not NVIDIA

NVIDIA is the dominant AI-GPU supplier by a wide margin, and its PEG of 0.51 is still a genuinely reasonable number for a market leader — I don't dispute that. I don't own it because the thesis is already fully priced by the entire market, not because I doubt the business. AMD is my bet that the accelerator market doesn't stay a single-vendor story forever; its own PEG has compressed sharply (0.73, down from well above 7 a cycle ago) as its earnings caught up to its multiple, though at 123x trailing earnings versus NVIDIA's 33x, the market is still charging a real premium for AMD being a credible second source rather than the leader. Intel is a different bet entirely — a manufacturing turnaround now showing its first real proof point (Q2 2026 revenue up 25%, EPS doubling estimates), but its multiples are still swinging wildly quarter to quarter as the market tries to price how durable that inflection is, which is exactly why it's sized small rather than treated as a settled thesis.