Advanced Micro Devices (AMD)

October 2022 was a 4-year cycle low. If correct, more cyclical areas like semiconductors will rally. Pandemic was a black swan event, not changing his analysis. Trend is very positive. Over the next 2 years, should take out the $160 target.

He remains bullish in AI. No one can catch Nvidia, but AMD would be #2. AI will continues to expand as various companies like Schlumberger adopt AI technology. But beware if AMD breaks below $100-105.

Excellent stock not as highly valued as NVIDIA.
Taking market share away from Intel.
Also have data centers and gaming aspects of business. 

He trimmed recently. Price target of $128, but lots of people have price targets much lower. Probably the closest competitor to NVDA. Can probably buy down around $110-112, and you'll do very well. See his Top Picks.

Cup formation, has broken the neckline. Will likely do a handle, which is a cute name for a retracement back to the neckline around $100. If it then goes sideways for a while, that's the handle. Good chance it could move higher if the fundamentals hold out. Good-looking chart for now. He's cautious on tech. If neckline breaks, count a few days and get out. 

He heard the conference call today and they're not hitting on all cylinders, but long term this is good. He targets $120. Stay long.

Still likes it. Reasonably priced. Some degree of confidence holding this, though high-beta semis have been volatile. Continues to take share from INTC, especially in server processers. Its CPUs will benefit with the AI build out. Great job executing.

There's finally an end to the glut in semis coming, triggered by the sharp decline in demand for PCs after Covid. AMD rallied $2 today in a very down day.

He models $76.32, 7% lower. Book value is large after an acquisition. Tech is cyclical which will decline in a recession. Wait for a cheaper price. If you own, hold through a recession. A quality sheet. Their balance sheet protects them.

He likes it here, checked back from its 40 PE multiple. Gaining so much market share from INTC in workstations and the PC market. Good play on AI, servers, and data centres. $4 EPS this year, trading at 20x which is not bad. 

Today, they said that the semis inventory glut is ending. Shares jumped over 12% The CEO also said that PC demand has bottomed. Business is returning.