Advanced Micro Devices (AMD)

Great company long-term. Expensive, hard to buy with new money. His core thesis is that it will gain market share at expense of INTC. As long as that happens, will continue to work. Competing with NVDA, the leader, on chips; will have some success, but NVDA remains dominant.

Companies don't want to wholly depend on NVDA, so they're willing to work with other players. There can be multiple winners, but catching NVDA will be difficult.

A bit of a show-me story. 

NVDA had a tremendous run, so he took the position size down because it got too large. It's one you have to own as a proxy for building the power to build the models for machine learning. A generation ahead of anyone else in chip architecture and software. Prefers it to AMD.

It's fallen to its 50-day moving average. Whereas Nvidia is overbought, AMD is neutral and slightly better technicals. Long term growth is 34%. 

Both are leaders in chips and their packaging. CEOs are cousins, must be something in the water :)  Recently sold AMD, it had a rollover, so looks more attractive. 

NVDA is still fairly evenly priced. 12-month price target of $970. If you ever get the chance, pick up south of $850, and certainly toward $800 would be a great spot. He's much more skewed to this than to AMD.

AMD is the company to compete with NVDA. The current pullback is due to short-term traders who have made their money and are moving on. If you're long term, for sure hold on.

AMD belongs in the semis centre of the universe. It's 7% off its high. Take some profits if you are overweight a semis name.

Still upside if you go by technical analysis. Still, need to be a bit careful, as it's seen significant upside. For adding, he'd wait for weakness. Don't chase, try for $180. In the infancy of chips and AI, and AMD will be a major benefactor.

Likes it. Can buy it now and more at $150. He owns Nvidia and Broadcom.

12-month price target of $183, very decent runway. Once the market starts to roll over, everyone is worried that it's the end. Instead, this is a great opportunity. Don't buy all at once, as things are still sorting out. Along with INTC, closest to competing with NVDA, but big difference in market cap.

Beat on top and bottom in January, slightly lowered guidance. Exceptional CEO, great management team.

Up 107% in last 12 months. Be careful. Sustainable at this point? Fantastic growth rate over 34%. 49x earnings, not a terrible valuation. 1.45x PEG ratio, not too expensive. Close to overbought levels, look for an air pocket down around $153-154. Struggling to move forward the last couple of weeks.

Likes it, but see his Top Picks.

Beat street and revenue expectations, but Q1 guidance was down by about $300M and stock fell. Don't worry about that. Semis are very important. Coming out with a new AI product, so they can get a share of the market. Short-term movements make no sense. Business model continues to be positive. Keep holding.

It has been rallying hard because their chips recall Nvidia's and they have a considerable consumer group by supplying Dell and other PCs

It is important to watch the semi conductors. Nvdia is the champion in A.I. He owns both NVDA and AMD. Advanced Micro Devices has some interesting solutions and we should see some very interesting custom chips get built. People are likely to look at others beyond Nvdia. Tech is an important place to be but not the only place.

Intel is in a dogfight with AMD over large customers. Today, Intel sold off hard, while AMD fell, but rebounded and will continue to.