Advanced Micro Devices (AMD) and Amphenol (APH) are key players in the technology supply chain ecosystem, with AMD providing CPUs and GPUs for PCs, data centers, and AI workloads, and Amphenol delivering connectors for various markets. The global semiconductor market is projected to grow to $2,062.59 billion by 2032, benefiting AMD. The global connector market is also expected to grow, benefiting APH.

AMD is experiencing strong demand for its products, including EPYC and Ryzen processors, especially in the data center market. It is expanding its footprint in the AI market and collaborating with industry partners to enhance its offerings. In comparison, Amphenol is benefiting from a diversified business model, expanding its portfolio with innovative solutions, and driving order growth across various markets.

Year to date, APH stock has outperformed AMD stock, attributed to its diversified end-market exposure and acquisition execution. Both stocks are currently overvalued based on valuation metrics. Earnings estimates show growth potential for both companies, with AMD expected to see a 19.03% increase year over year and APH a 59.79% increase. However, APH has a higher average surprise in earnings compared to AMD.

In conclusion, while both AMD and Amphenol offer investment opportunities in the tech supply chain, Amphenol appears to have more upside potential due to its diversified portfolio and strong performance. AMD, while expanding its portfolio, faces stiff competition and regulatory challenges. Amphenol is ranked higher by Zacks Investment Research, making it a more attractive investment option.

Read more at NASDAQ: AMD vs. APH: Which Tech Supply Chain Stock Is a Better Buy Now?