AMD is now worth more than Intel
I&#x27;m a huge AMD fan but this is bonkers.<p>Yes, Intel has floundered for a number of years, but at the same time they are a foundry themselves, second only to TSMC (for now), have incredible manufacturing capacity, and seem poised to start pushing interesting CPU designs as well as having their foundry half finally start executing correctly. Also their growth potential for their GPU business is huuuuuuge.<p>As someone who enjoys AMD for the competition they bring, I am worried what the next few years might look like for them for the following reasons:<p>1. AMD GPUs were actually very competitive with their RDNA2 architecture, but at the same time AMD enjoyed a huge silicon advantage as they were on TSMC while NVIDIA was on Samsung (for consumer). The next generation of NVIDIA consumer GPUs will be made by TSMC and if their professional GPUs (see A100 which are made by TSMC) are any indication we can see potentially up to 1.5x to 2x efficiency bump for NVIDIA.<p>2. Intel seems to be cleaning up shop and their latest generation of CPUs feel like a 1st Gen Ryzen moment. Also, Intel does not have to clearly surpass AMD, they just need to be competitive as they can simply out produce AMD given AMDs relatively small allocation at TSMC.<p>3. Intel GPUs pose a moderate threat on the horizon for AMD for both low end and portables and at the same time they are eating up available capacity at TSMC.