Interesting and in comparison:
Nvidia: 0.21
AMD: 0.17
https://www.macrotrends.net/stocks/charts/NVDA/nvidia/debt-e...
https://www.macrotrends.net/stocks/charts/AMD/amd/debt-equit...
Though as we have all come to learn, the market these days is more exposed to perception buying and selling over more robust analytical buying and selling. That and a little dynamic movement can easily amplify by automated trading and reaction trading.
AMD can only gain traction in the graphics consumer market and that may well pan out, though much seems to be riding upon RDNA2 and that is looking like late in the year, this with new consols scheduled for end of the year and that was prior to recent supplier dynamics may well well see those slip into next year.
We have seen the larger datacenters start to take note of AMD more and iirc cloudflare as well as Google buying some AMD offerings in more earnest. The time for those to traction won't be instant either, so any growth will be a while until measured.
But AMD from most people you talk with, seem to be in a good position and it has been a while since they had that postition (decades really), they seem to keep that momentum going and have a path to do that. So even if they don't start to make fast inroads into the datacenter, they are slowly gaining momentum and Intel is loosing momentum.
However, the recent supplier dynamics due to the recent human malware will impact all. So many aspects that make it hard to call, but however it goes, I don't see AMD nor Intel worried more than any other company. Though AMD may well be more exposed to supplier chain dynamics more than Intel and that advantage to Intel (having own fabs) can only sit in Intels favour.
However, the real one to watch will be RISCV and also ARM and recent developments by Fujitsu with the A64FX (well worth reading about as very interesting) stealing the TDP crown. Things may well get very interesting, though in technology, it always is and that is why we all enjoy and love it.
Also worth noting that the recent human malware will see a drive in working from home and that may well shift buying requirements for many businesses, which could see an increase in datacenter usage, though that will be at the expense of local buying.
As always, many dynamics, but perception does seem to be more of a factor than any common sense when it comes to markets. Though the real winners, will be storage and that is an area that gets overlooked and will have an impact more than anything else in the year ahead.