Better Semiconductor Stock: AMD vs. Nvidia

$NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$
Last November, I compared AMD and Nvidia and declared that the latter's stronger gaming and data center GPU sales made it a more promising investment than the former. However, Nvidia's stock has declined almost 60% since I wrote that article. AMD stock fared slightly better but was still nearly cut in half.

Both semiconductor stocks were crushed by the post-pandemic slowdown in PC sales and rising interest rates, which drove investors away from higher-growth tech stocks. Plunging cryptocurrency prices exacerbated the pain as frustrated miners gave up and flooded the market with second-hand GPUs.

I clearly underestimated those headwinds last year, but could either of these battered stocks bounce back over the next few quarters? Let's take a fresh look at both chipmakers and see if either stock is worth buying today.