$NVDA

I have finally exited my $AMD position after a 5x run and put the proceeds in $NVDA. $AMD is expected grow around 43% annually by 2028, for $NVDA it’s 45%. Yet, $AMD is trading at 15x 2028 earnings while $AMD at 30x I can’t see anything that could justify this gap. If AI capex slows down, both will be affected proportionately, and arguably $NVDA will have lower downside due to cheaper valuation. Either $AMD is egregiously overvalued, or $NVDA is pretty undervalued. My bet is on the latter.