The race is on between two of the biggest chip giants in the AI revolution — NVIDIA and AMD. With both stocks riding the AI wave, investors are asking a simple question: who gets to $200 first? And more importantly, which one has the better risk-reward profile from here?

NVIDIA: The King with Momentum

NVIDIA has already made headlines this year with its explosive rally, record-breaking market cap, and near-monopoly in AI training chips. With strong datacenter demand and growing software revenue, it’s hard to argue against its dominance. But with the stock already priced for perfection, the question is whether there's still enough fuel to keep climbing.

AMD: The Challenger Rising

AMD is the underdog in market cap, but not in ambition. Its MI300X chip is gaining traction, and partnerships in AI, cloud, and hyperscalers are starting to show results. The valuation remains more modest, which could attract value-growth crossover investors. If it delivers a few strong quarters, $200 might be well within reach.

Final Thought

If you're betting on continued AI growth, both names are strong contenders. NVIDIA has the lead, but AMD might offer more upside surprise. In the race to $200, it could come down to who delivers the bigger earnings blowout first.