Here on a daily chart I have the ratio of shares of NVDA to AMD and so the market caps
proportions. From September 2022 and for a year NVDA rose more than AMD and so the ratio
rose. From September 2023 to January 2024, NVDA fell as compared with AMD perhaps because
AMD's rate of rise on a percentage basis exceeded that of NVDA. Since the first of the year,
the ratio is rising meaning NVDA is gaining share price faster than AMD. If a trader could switch
between these, the ratio represents a way to determine which to sell and which to buy at any
given time. Right now, NVDA is the buy until the ratio curve reverses.
proportions. From September 2022 and for a year NVDA rose more than AMD and so the ratio
rose. From September 2023 to January 2024, NVDA fell as compared with AMD perhaps because
AMD's rate of rise on a percentage basis exceeded that of NVDA. Since the first of the year,
the ratio is rising meaning NVDA is gaining share price faster than AMD. If a trader could switch
between these, the ratio represents a way to determine which to sell and which to buy at any
given time. Right now, NVDA is the buy until the ratio curve reverses.