Marialina
2024-01-30

Guys think about it.... $NVIDIA Corp(NVDA)$ is more likely to lose market share because it is the monopoly right now.. Major AI companies don't wanna rely on a single AI chip supplier.. $Advanced Micro Devices(AMD)$ mi300 looks very promising and has been shipped to several companies already. if we have a good er and guidance, it is likely that AMD is going to gain a significant AI market share and this would drive Nvidia price down.... The forecasted AMD price at the end of 2024 is $315 - and the year to year change +114%. The rise from today to year-end: +78%. In the middle of 2024, we expect to see $267 per 1 AMD.

AMD Plunge: Chip Stocks Start to Pull Back?
AMD fell 10% in after-hours trading. While AMD's fourth-quarter financial report exceeded analysts' revenue expectations, the guidance for the first quarter fell short of expectations. Affected by AMD's earnings, other semiconductor stocks also fell in the after hour trading. ------------- Will chip stocks start to pull back following AMD's earnings? Are you bullish or bearish on QCOM's earnings? Which chip stock is a better choice to invest in AI?
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