The under/over valuation of Nvidia/AMD

$NVDA makes $1 billion in revenue a day, that’s 365 billion a year. 62% of that is earnings, which is $226.3 billion. If you use its competitor’s, $AMD’s ttm p/e ratio of 122x, that should value Nvidia at over $27.6 trillion in market cap. Is Nvidia really that different from AMD? Maybe a little, in the sense that Nvidia is better. So either AMD is massively overvalued, or Nvidia is massively undervalued. While both can be true, at a market cap of over $5 trillion, I think Nvidia is massively undervalued. What do you think?