Kim Bolton Advanced Micro Devices AMD-Q HOLD Apr 23, 2025

Prefers SHOP. AMD is fully priced. He targets $125 for SHOP. Don't sell AMD, just raise some calls against it.

Price target is $155-160 for the average analyst. Has come a long way. His preference would be NVDA, which he still holds.

Likes to watch the semiconductors as an indicator for economic expectations. This group has led the rally over the last number of years, regularly checking back to the 200-week MA (as in March/April of this year). Rallied nicely since then. NVDA is obviously the leader and making new all-time highs. Semi index in the US has not made a new high, and that's a little something to think about especially when the market it. Its RSI has come off the deep low, so there's no issue in the short-term.

This name is performing very well. Semis are giving good messaging right now. He'd really love to see the semiconductor index make a new high, and that's the caveat. This one will pick up market share, but he'd prefer to be with the leader NVDA.

#2 to NVDA. The go-to name if you don't want to own an NVDA chip. Companies need backup, and this name can provide it. No dividend.

Still carving out its lane in AI chips. Q2 earnings beat by a hair. Data centre revenue up 80% YOY. Gaming segment remains soft. 8/10 on fundamentals. Chip momentum is real. Consistent upward trend since April selloff.

Prefers, and owns, NVDA. But things could change.

Today, shares are down because they could not include the revenue from the MI308 in the upcoming quarter, and the street didn't like that. That said, the semis are coming back and this momentum will continue to the end of the year.

There's enough room for Nvidia and AMD in this market. Fine CEO.

Good question. The answer is that it doesn't matter, because the market response is extraordinary for these things. Anybody's evaluation of it doesn't tell you why this stock should be up 25-30% in a day for such a large company. 

So the analysis doesn't matter. He's more interested in the market response, which tells you about the speculative nature of the market we're now in. And it could last days, months, maybe years. AI is still very early, and everybody gets really excited about it. 

His eggs are in the basket of NVDA and AVGO. Stock popped when OpenAI put in another $10M (NVDA had put $100M into OpenAI, and then OpenAI turned around and used $10M of that). He'd hold on.