Something that has gone unmentioned in these comments: Intel has a lot more debt than AMD (38B vs 661M on 12/31). That does affect their comparative market cap

Something that has gone unmentioned in these comments: Intel has a lot more debt than AMD (38B vs 661M on 12/31). That does affect their comparative market cap by, you know, roughly 37 billion dollars. (give or take some amount related to their credit rating and the very low cost of money right now, I would think, and if you want something to argue about there's always the fact that Intel has an even better credit rating than AMD...) Intel has much, much more income than AMD and they're valued similarly by the market and... that is not a mystery. https://finance.yahoo.com/quote/INTC/financials?p=INTC https://finance.yahoo.com/quote/INTC/financials?p=INTC https://finance.yahoo.com/quote/AMD/financials?p=AMD https://finance.yahoo.com/quote/AMD/financials?p=AMD