Will AMD Be Worth More Than Intel by 2025?

During the peak of the dot-com bubble in 2000, Intel's (NASDAQ: INTC) market cap briefly surpassed $500 billion. At the time, its smaller rival AMD (NASDAQ: AMD) was only worth about $12 billion.

But today Intel has a market cap of just $215 billion, and AMD is worth $130 billion. Let's see why Intel's value tumbled as AMD gradually caught up, and whether or not AMD could eclipse Intel by 2025.

At its dot-com peak, Intel was valued at nearly 50 times its 2020 earnings. Today, the stock trades at just 12 times forward earnings, compared to AMD's forward P/E ratio of 35.

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Source Fool.com