AMD vs AVGO: AI Stock Comparison

Advanced Micro Devices, Inc. vs Broadcom Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 4/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $AMD has the earlier next catalyst (Nov 15, 2026).
$AMD
Advanced Micro Devices, Inc.
CPUs and Instinct GPUs; the main merchant alternative to NVIDIA.
$AVGO
Broadcom Inc.
Custom AI accelerators and Ethernet switching for hyperscalers.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding1.64B
as of 2026-10-28 · 10-Q cover page · SEC filing
4.77B
as of 2026-08-28 · 10-Q cover page · SEC filing
CategoryAI chipsAI chips
Key metrics
Revenue (latest quarter) $13.38B
10-Q period ended 2026-09-26; +45% y/y · SEC filing
Gross margin 53.9%
Gross profit / revenue, same quarter · SEC filing
Operating income $2.83B
Same quarter; 21% operating margin · SEC filing
Revenue (latest quarter) $29.59B
10-Q period ended 2026-08-02; +86% y/y · SEC filing
Gross margin 69.1%
Gross profit / revenue, same quarter · SEC filing
Operating income $15.96B
Same quarter; 54% operating margin · SEC filing
Next earningsNot yet announced / not on our calendar
Dec 10, 2026 expected
Broadcom Inc. quarterly earnings · source
Next catalyst
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Dec 9, 2026
FOMC rate decision + projections · source
Upcoming catalysts
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Dec 9, 2026
FOMC rate decision + projections · source
Dec 9, 2026
FOMC rate decision + projections · source
Dec 10, 2026 expected
Broadcom Inc. quarterly earnings · source
Most recent reported
Nov 3, 2026
Advanced Micro Devices, Inc. reports quarterly results · source
Data Center revenue $8.55B (+97% y/y) on EPYC and initial Instinct MI450 sales (company release).
Not yet announced / not on our calendar
Key risks
  • “Government actions and regulations such as export regulations, import tariffs, and trade protection measures may limit our ability to export our products to certain customers.” — 10-K risk factor (filed 2026-02-04) · source
  • “If we fail to maintain the efficiency of our supply chain as we respond to changes in customer demand for our products, our business could be materially adversely affected.” — 10-K risk factor (filed 2026-02-04) · source
  • “A significant reduction in demand from certain customers or loss of one or more of our significant customers may adversely affect our business.” — 10-K risk factor (filed 2025-12-18) · source
  • “Our substantial indebtedness could adversely affect our financial health and our ability to execute our business strategy.” — 10-K risk factor (filed 2025-12-18) · source
AI angle

AMD sells EPYC server CPUs and Instinct accelerators into AI data centers alongside PC and gaming chips. Its AI story hinges on how fast the Instinct GPU line ramps with large cloud and AI-lab customers.

Broadcom designs custom AI chips (XPUs) for a handful of hyperscalers and sells Tomahawk/Jericho Ethernet silicon for AI clusters, while VMware software adds a large non-AI revenue base.

Full analysis: $AMD →Full analysis: $AVGO →

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Deep dives: AMD next earnings & catalysts · AVGO next earnings & catalysts · AI earnings this week