A 40x P/E just shows the market pricing in the expectation that its AMDs earnings are going to continue to grow (probably by eating market share). Imho paying

A 40x P/E just shows the market pricing in the expectation that its AMDs earnings are going to continue to grow (probably by eating market share). Imho paying a dividend is a pretty bad sign in this industry - they should be funneling everything in to R&D. Their 10x P/E reflects a belief that their earnings are going to remain relatively stagnant. See these forward looking earnings estimates: https://www.marketbeat.com/stocks/NASDAQ/INTC/earnings/ https://www.marketbeat.com/stocks/NASDAQ/INTC/earnings/ https://www.marketbeat.com/stocks/NASDAQ/AMD/earnings/ https://www.marketbeat.com/stocks/NASDAQ/AMD/earnings/ That said, I'm with you, I'd rather be holding Intel in this market.