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! đ
$Semiconductor Bull 3X Shares(SOXL)$
Comments