Advanced Micro Devices (AMD-Q)

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.

Chips are a secular growth story, but AMD's problem is that Nvidia is so dominant. The CEO is doing a great job and their products will do very well in the CPU business. AMD had turned around, no longer terribly run nor cyclical. But there will be more than one player in the AI space and AMD will do better than, say, Intel.

Sold, and put proceeds into the modelling guys and into NVDA. NVDA's incorporating software into its chips has created another moat/barrier to AMD. Longer timeframe for them to become competitive with NVDA.

Ranks 8/10 fundamentally. Has done well, still sees upside. Usually with an acquisition, short-term pullback in the price before stock rallies back to where it was. That would be a great entry point. Great job pivoting business models. WFC raised price target to $205 with an Overweight weighting.

Can't own them all. Likes it at these levels. She owns QCOM instead.

Based on three previous dips in Dec. 2018, Q1-2020 and 2022, a two-day trend is not a sell-off. In 2022, NVDA corrected 70%. There's a lot going on geopolitically, namely the US election, so wait and see. The problem with NVDA is it's heavily traded--everybody loves. AMD is safer with less volatility. For a trade, buy NVDA on a dip, but he's sitting on both names now, waiting.

Second-place to NVDA, but a bit cheaper and less loved. In general, the semi space is quite expensive at this point. Look for opportunities, such as today with the NASDAQ coming down, to buy a bit cheaper.

Was supposed to be the next big NVDA, and that's why he holds it, but it's lagged. Pretty good runway. He's taken a bit of profit. 

Hold on. The momentum is very strong in the semis space, all driven higher. Semis used to be very cyclical, but not anymore and their demand will be more durable. If NVDA shares slide, AMD won't necessarily fall with them, because AMD's chips are different, are not as cutting-edge as NVDA's

Has done well in recent years, compared to INTC, because of alliance with TSM. Going forward, monitor how TSM is doing compared to INTC. Seems to still be in a good spot. Challenge upcoming with Arm technology in cell phones.

Pulled back. Perhaps chips are not considered as good as NVDA's. She doesn't play in the semiconductor sector, too cyclical and volatile. She'd rather play the hyper-scalers. Still momentum in the data centre buildout, but put your money elsewhere if the volatility is too much for you.

It's been a great stock over a long period of today. It was downgraded today so shares slipped. The CEO is too strong, so he wouldn't write off AMD.

Loves the theme of AI, chips, data centres, and servers. It's come down from a couple of months ago and traded sideways, another opportunity to get in. Next leg will be up and, hopefully, retake past highs. Super-comfortable with.