AMD could become the semiconductor industry's next $1 trillion company.

Amid Nvidia 's ( NVDA -0.06% ) achievement of the stock market's highest market cap, investors have increasingly focused on the growth trajectory of Advanced Micro Devices ( AMD 2.08% ) . Its market cap of $260 billion is a small fraction of Nvidia's at $4.15 trillion, and most of that differential comes from Nvidia's dominance of the AI accelerator market.

Fortunately for AMD bulls, massive growth in this area could come from its advancements in the AI accelerator market. Preliminary views of AMD's upcoming MI400 chip, which is due out next year, have led to optimism that it could compete with Nvidia's Vera Rubin, which is expected to come out around the same time.

Time will tell whether it meets

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