Ultrahisham
2024-01-30

AMD - Is this the moment we have been waiting for?

It is THE Day for AMD - whichever way you look at it. This is the day most have been waiting for. With all the earnings beat in names related to semis and Super Micro being the latest to beat expectations handily, the markets are now looking at AMD, the closest competitor to Nvidia. In fact Super Micro is as deeply entrenched in AI as Nvidia and AMD and the guidance was mind blowing. Could AMD follow up with something similar? 

As mentioned in my article three articles back specifying AMD, AMD is like a rocket awaiting the green light. All the prior moves are just system checks and test runs to prepare for the next one. What they report after market close is the key. In fact I am expecting them to beat market expectations easily. But what the market wants to hear and is anticipating is the guidance forward. A mind blowing forward guidance will be the key and green go word for this rocket to launch and propel forward.

Technically, AMD already look like it is in the middle of its third wave. If results and guidance blows the market away, I am expecting an extension of this third wave into the 200 dollars region easily before any pull backs. It will leave bystanders standing aside unable to board without paying a premium price. 

To be fair, the other side of the coin is AMD not impressing the market. Expectations are high and the market is not easily wowed after being used to handy market beats by AI names with the the latest one being SMCI. Can AMD deliver and keep a steroid pumped market pumping even higher? Lets wait and see!

For all its worth and all the caution, I am on board this rocket. 

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe! 😊


$Semiconductor Bull 3X Shares(SOXL)$  

$Nasdaq100 Bull 3X ETF(TQQQ)$  

$Nasdaq100 Bear 3X ETF(SQQQ)$  

$NVIDIA Corp(NVDA)$  

$Advanced Micro Devices(AMD)$  














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?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • peppywoo
    2024-01-30
    peppywoo
    🚀✨ Impressive analysis! 🌟
  • fizzzi
    2024-01-30
    fizzzi
    I agree, AMD has great potential! 🚀
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