AMD posted FY2025 revenue of $34.6B (+34.3% YoY) with 49.5% gross margins and $2.65 diluted EPS, driven by data center GPU demand competing with Nvidia. Palantir delivered $4.5B in revenue (+56.2% YoY) with an exceptional 82.4% gross margin and $0.63 diluted EPS, reflecting its software-platform model and expanding U.S. commercial and government AI contracts. Both companies are material beneficiaries of the AI infrastructure buildout cycle.
The structural tension is that PLTR trades at a significant premium to software peers on a revenue multiple basis, while AMD remains in the shadow of Nvidia's dominance in AI accelerators — making the relative value and momentum case for each genuinely contested. Upcoming earnings prints and any guidance commentary on AI demand trajectory will be the key catalyst to watch for both names.