$Advanced Micro Devices(AMD)$

2024-10-30

$Advanced Micro Devices(AMD)$ Earnings beat but still not enough. Expectations for this stock is so high and AMD needs to justify its high valuation by showing its insane growth and ability to capture market share. The Market clearly dislike this stock and AMD is not a market darling as compared to $NVIDIA Corp(NVDA)$

The post earnings sell-off seems justifiable but definitely an over-reaction. Q4 guidance forecasted to be at $7.5 billion as compared to $7.55 billion expected in revenue. There are much better opportunities out there and NVIDIA will be a better buy than AMD when its valuation is compared. However, AMD still stands a chance but I do not see further upside for this stock. I see its price support at $150 and resistance at $160. Probably go sideways this coming months.... [Weak]

Modified in.2024-10-30

After AMD's New Low: Will the Rebound Continue?

Last week, HSBC analyst downgraded AMD from a “Buy” to a “Sell” rating while slashing his price target on shares from $200 to a Street-low of $110. AMD hit a new low of $114.41 yesterday, with its stock price returning to levels seen two years ago, but it closed up 1% afterward. Despite yesterday's chip ban, AMD rose against the trend. ----------------- Can this rebound momentum be sustained? What is your target price for AMD? Will you buy the dip on AMD or NVIDIA?

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Comments

TBI
2024-10-30
TBI
mate its just back testing a break out lmao

this is the greatest of all shakeouts

retail will keep selling this for it to gamma V at open

Leave a comment

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There are much better opportunities out there and NVIDIA will be a better buy than AMD when its valuation is compared. However, AMD still stands a chance but I do not see further upside for this stock. I see its price support at $150 and resistance at $160. Probably go sideways this coming months.... 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