Advanced Micro Devices (AMD)

It has been a success story for decades and has surpassed Intel in the last 10 years. It will have a tougher fight with Nvidia. Four large customers provide 46% of its revenue: MSFT, AMZN, META, GOOG. Three of them are building their own semi conductors so AMD is competing with them as well as NVDA

One of the major chip maker names to consider for your portfolio. Adds value to the supply chain.

He's looking at it now. This could be the next big performer in semis in 2025.

Competitor to NVIDIA - demand for products high. Also has exposure to gaming sector. Company benefiting to growth in A.I. even though chips not as good as NVIDIA's. Overall, sector expected to grow well into the future. Would recommend buying and holding. 

They went into the quarter at 80x trailing PE, nearly a third higher than Nvdia's, but lack the same growth rate. This isn't the CEO's fault, but it was asinine to own AMD based on these metrics and still makes no sense.

They just reported a messy quarter: they beat top and bottom, but guided lightly and not great. Few chip companies are winning, except Nvidia.

An amazing CEO. They just reported: gaming was weak and their revenue forecast wasn't as high as the street's but not terrible. Catch-up to Nvidia trade? By the time they catch up, will we need all these chips anyway? It's a tall order.

They beat, but forecast was weak. AMD is puzzling though it isn't broken. He is concerned, but isn't panicking.

It reports tomorrow.  They just bought ZT Systems to compete with Nvidia, but plan to sell its hardware component. But suppose they don't? Will the stock got dinged?

It is kind of into a downtrend so he is not buying. However if he sees a breakout he would buy.

Still really likes it here. Chips will continue to drive things forward through automation and AI. These growth stocks move more aggressively, so when it reaches former or new highs, you may want to take some profits.

Will probably go higher, and to the detriment of INTC. 12-month price target of $195, just below the peak earlier this year. Well-managed designer. Very innovative. Not in his fund, but in separately managed accounts.

He bought this during the July sell-off, down 40% from its highs currently and is the third-worst-performing chipmaker in the S&P. Their fundamentals haven't changed. AMD is a close second to Nvidia. Demand for their AI chips is strong. They raise predictions for demand for these chips from $2 billion for 2024 to $3.5 billion and in late July to $4.5 billion. Their last quarter boasted a modest top and bottom line beat with better than expected guidance. The street doesn't give them credit for 2 deals last summer for ZT Systems and an AI company which will help AMD close the gap with Nvidia. He firmly believes in the CEO and says this is a strong buy the dip.

Yes, maintain your core position in Nvidia, but also add to peers like this and AMD. Coming into this quarter, AMD was trailing Broadcom, so he saw an opportunity.