$Advanced Micro Devices(AMD)$ much like what happened with AMD’s earnings last month, investors could “buy the rumor, sell the news.” The company could beat expectations, but shares tread water/move lower immediately after the release.
However, the earnings release could also entail other positive surprises, such as a raising of MI300 sales forecasts. Management may also provide positive updates regarding its AI-PC chip and other generative AI-related endeavors.
All of this could keep shares surging post-earnings. Perhaps, even toward the $250 per share price level. With more out there signaling another big rip, and another big dip, as it stays an AI winner, stay long on AMD stock.
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