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1 día hace
$AMD 1hr: We're sitting right at a critical level of $141—if there's going to be a rejection, it's likely to happen here...
By: Peter DiCarlo | December 2, 2024
• $AMD 1hr: We're sitting right at a critical level of $141—if there's going to be a rejection, it's likely to happen here.
For those who bought the dip near $134 and want to lock in short-term profits, now is an excellent time to consider closing out.
However, if $142 breaks, the next target is $150. That's why I’m planning to close my calls here and roll into another setup.
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DiscoverGold
1 semana hace
$AMD -6.15% YTD Now sitting on 2+ years of support, it's a make-or-break moment. Will the bulls step up, or is more downside ahead?
By: TrendSpider | November 24, 2024
• $AMD -6.15% YTD.
$NVDA +186% YTD.
The divergence is striking.
Now sitting on 2+ years of support, it's a make-or-break moment. Will the bulls step up, or is more downside ahead?
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DiscoverGold
1 mes hace
Advanced Micro Devices (AMD) Stock Due for Short-Term Bounce
By: Schaeffer's Investment Research | October 31, 2024
• Advanced Micro Devices stock has pulled back to its 320-day moving average
• The stock is flashing a historically bullish signal on the charts
Shares of Advanced Micro Devices Inc (NASDAQ:AMD) are extending yesterday's 10.6% post-earnings drop, down 3.1% at $144 at last glance and breaking into negative territory for the year. A short-term rally could be on the way, however, if past is precedent.
The semiconductor name pulled back to its 320-day moving average during this week's negative price action, and per Schaeffer's Senior Quantitative Analyst Rocky White, it's run into this trendline three times in the last three years. For the purpose of this study, White defines that as the equity trading above the moving average 80% of the time over the past two months and closing north of the trendline in eight of the last 10 sessions before coming within striking distance of it.
AMD finished higher one month later after 100% these signals, averaging a large gain of 21.1%. From its current perch, a similar move would put Advanced Micro Devices stock just above $175, which is home to its early-October peak.
It's also worth noting that the stock's 14-day relative strength index (RSI) of 26.2 sits in "oversold" territory, which typically precedes a quick rally. An unwinding of pessimism amongst options traders could also provide tailwinds, as AMD's Schaeffer's put/call open interest ratio (SOIR) of 1.07 stands in the highest possible percentile of readings from the past 12 months.
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IanFromSI
1 mes hace
MW agrees with you.
I suspect the after hours market reaction to AMD’s guidance for next year is unwarranted? … but it could take up to another year before it changes its mind!
MW AMD could still be a sleeper against Nvidia, but Wall Street isn't yet convinced
2024-10-29 09:44:00 PM ET (DJMW)
MW AMD could still be a sleeper against Nvidia, but Wall Street isn't yet convinced
By Therese Poletti
Advanced Micro Devices executives made some bold statements about the company's underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.
But for Wall Street analysts, those statements were not bold enough, with the company giving an updated AI chip-revenue forecast that merely met their expectations at $5 billion. Now investors are trying to determine if that forecast is something to worry about, or if AMD could be a sleeper bet against Nvidia.
In after-hours trading Tuesday, AMD (AMD) shares fell nearly 8%, ending the extended session at $153.57. Some investors had been hoping AMD would raise its outlook for AI chips. At the same time, company executives acknowledged that the profit margins for AMD's family of AI graphics chips were below the company's average.
Also read: AMD earnings: Stock falls as AI outlook fails to pack upside
"We feel very good about the market from everything that we see. Talking to customers, there's significant investment in trying to build out the infrastructure required across all of AI workloads," AMD Chief Executive Lisa Su told analysts on the company's conference call, when asked about the company's AI chips. "And then within that, our product portfolio is getting stronger with the annual cadence."
Even so, one analyst pointed out that he believed Nvidia (NVDA) is still ahead of AMD in terms of performance, even with its newest chips, and wondered how AMD plans to close the gap. Su said she did not believe that AMD is behind Nvidia anymore.
"We have, with our accelerated roadmap, actually closed a good part of that gap," Su said. "I think MI325 is a great product. It's going to compete very well with H200 and the MI350 series will compete very well with Blackwell," she added, referring to Nvidia's next-generation GPUs.
While the proof will come in the coming year, investors should also remember that under Su, AMD became a viable No. 2 to Intel Corp. (INTC) in the data-center market, a market that Intel nearly completely dominated until AMD's rise. That, too, took time, with Su assuring investors over many quarters that corporate-enterprise customers were trying out AMD's chips before fully committing to them.
"The ramp is going well, and we will continue to earn the trust and the partnership of these large customers," Su said when describing the AI chip market. "What I will say is, customers are very, very open to AMD. And we see that everywhere we go, everyone is giving us a very fair shot at earning their business, and that's what we intend to do."
Upon congratulating Su for her major impact on the company over her 10-year tenure, one analyst pointed out that the stock was around $3 when she took over as CEO. That was also before AMD returned to the server business, and when it was struggling with its own manufacturing assets.
Investors who doubt that AMD's technology is good enough to compete against Nvidia might want to revisit the past decade, and remember how its data-center business, which grew more than 100% this quarter, started out. AMD appears to be ready to chip away at Nvidia, and that would make it a serious No. 2 in the AI arena.