There has been some cooling off in the tech sector and maybe more to come. However there is long term growth which comes from the semi-conductor sector. Since the sector is overheated wait for a better opportunity before buying.
It's had a good run. Its chart neckline is around $100 and is pulling back to that level. That's fine unless it falls below $100 and stays down there, at which point sell.
Revenue, net income, and gross profit fell in August results. Significant pullback. Management tried to positively spin the numbers. Earnings estimates are too high. Struggling fundamentally. Missed the AI boat.
Volatile. Any tech stock with a high PE is. They've been eating Intel's lunch on the desktop and laptop markets. Amazing CEO. A good second place to Nvidia in AI. Data centres hurt their last quarter. He's lightened his position, but likes it long-term. He wants to buy more.
The market got ahead of generative AI, but gen AI is here to stay and AMD will benefit. AMD has come out with competitive GPUs, CPUs and accelerators in 2024. He targets $131.20.
(Analysts’ price target is $140.37)Coming out with new AI chip in Q4 of this year, which should drive the stock higher. May move sideways for the next while. Huge demand on data centre side for AI chips. CEO has been pretty incredible.
They reported a great quarter yesterday, so he expected share to rally $6 today, but because of the Fitch downgrade of the U.S. economy (sovereign debt) and the big sell-off, AMD was down $8 instead. Does this make sense?
LW sees a short pullback, but hen a 90% chance of a rally. AMD has seen this chart pattern 8 of 9 times. AMD can buck the market trend and rally.
They're in a consolidation phase. The PC market has bottomed. AMD is doing well in data centres. Demand is good for their chips. He's sticking with it.
Share price hovering around $110 which is presenting a buying opportunity.
Valuation presenting major upside compared to NVIDIA.
Expecting a $150 share price going forward.
Lots of potential going forward with A.I. demand.
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.
Advanced Micro Devices is a American stock, trading under the symbol AMD-Q on the NASDAQ (AMD). It is usually referred to as NASDAQ:AMD or AMD-Q
In the last year, 22 stock analysts published opinions about AMD-Q. 18 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Advanced Micro Devices.
Advanced Micro Devices was recommended as a Top Pick by on . Read the latest stock experts ratings for Advanced Micro Devices.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
22 stock analysts on Stockchase covered Advanced Micro Devices In the last year. It is a trending stock that is worth watching.
On 2023-09-21, Advanced Micro Devices (AMD-Q) stock closed at a price of $96.11.
Buy both AMD and INTC along with your NVDA shares. NVDA's pretty well sold out into Q3 of 2024, so there's lots of demand. NVDA's going to have competition from these two. Impressed by INTC's CEO and promises on the foundry side, which should translate into accelerator chips and advanced packaging.