Advanced Micro Devices (AMD) has outperformed Nvidia by its widest margin in more than 27 years, according to capital markets watcher The Kobeissi Letter, even as both chipmakers came under pressure on Friday.
AMD shares fell 9.94% to $527.13 on Friday, while Nvidia declined 4.36% to $158.95.
"AMD, $AMD, has outperformed Nvidia, $NVDA, by +53.2 percentage points over the last 5 trading days, the most since Nvidia's IPO in January 1999," The Kobeissi Letter said in a post on X.
"Over this period, $AMD rallied +44.7%, while $NVDA dropped -8.5%," it added.
The market watcher said the previous record for AMD's five-day outperformance over Nvidia was set in April 2016, at 49.9 percentage points.