AMD: The Market Has Gone All-In On Stellar Results

Seeking Alpha01-28

AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% ...

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Comments

selwyn
01-29
selwyn
Thanks
Guavaxf30
01-28
Guavaxf30
It's at a big crossroad now. If the results are way above what is being said, it may lead to another run. But then again, this may have already been priced in. But big expectations from the market may not be a good thing. If the results are neutral and just meet what people are expecting, we may see a sell-news affect take place. Let's see....
- Guavaxf30:
  Looks like it is as I feared. Sell on good news. Dump on bad news. Either way, it was way overpriced.
- Guavaxf30:
  I am actually more worried about this happening.
  
  “if earnings and guidance miss, an outcome similar to Intel and Tesla may await.”.
  
  Risks are greater than rewards I feel.
Jmw148
01-28
Jmw148
Let's hope the results are as good as the expectations.

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(NASDAQ:AMD), rising sharply after it reports results next week. If earnings and guidance beat expectations, a rally to $200 doesn't seem far-fetched, if earnings and guidance miss, an outcome similar to Intel and Tesla may await.AMD will report fourth-quarter results on January 30 after the close of trading. Analysts see earnings growing by 11.9% this quarter to $0.77 per share, while revenue is expected to grow by 9.5% to $6.1 billion. Historically, adjusted gross margins are a big number for AMD and are expected to expand to 51.5% from 51% last year.AMD's stock has rocketed higher in recent months as investors see a fortune in the stock driven by the growth of data centers and the increased usage of AMD's artificial intelligence GPUs. It sets expectations high for the data center business, with revenue expected to grow by 39% to $2.3 billion in the fourth quarter, while the client-side segment is expected to grow by 68% to $1.5 billion. The growth will need to be present in those two units because gaming is expected to decline by 24.2% to $1.2 billion, and the embedded unit will drop by 24% to $1 billion.BloombergGuidance will be the key, especially if the stock should continue to gain. Analysts' consensus estimates forecast earnings to grow by 14.8% in the first quarter to $0.69 per share, on revenue growth of 8.1% to $5.785 billion, as adjusted gross margins expand to 51.8% from 50% last year.Valuation Is Priced For PerfectionExpectations are high for AMD based on the P/E ratio over the last twelve months of earnings, which has risen to more than 70 and only rose higher when the company emerged from years of lackluster results in 2018 and 2019. Also, the price-to-sales ratio has climbed to 13.2, levels not seen in a few years and, more importantly, at the upper end of the historical range. Given the stock's monstrous rise, there is no room for error when this company reports results.BloombergOptions Market Is Extremely BullishThe options market seems to be even more bullish than the stock market regarding AMD. With the stock trading around $180, the skew in implied volatility is clearly to own a move higher in the shares post results, as noted by the rising implied volatility the higher the stock price increases for the expiration date on February 2.BloombergCall volume in AMD has been heavy, and the 105% moneyness 1-month options are trading with a higher implied volatility level than the 95% moneyness 1-month options. The heavy call volume and the skew in the implied volatility level in AMD and the rising stock suggest that the stock is driven higher by the heavy demand to own upside calls in AMD.BloombergToo Much Optimism Could Be A Bad ThingBut all of this bullish enthusiasm could hurt the stock after the report. Because heading into results, implied volatility tends to rise, and implied volatility tends to fall sharply after results. It means that options traders are paying a lot to own calls in AMD, and once the earnings pass, the IV in AMD will fall sharply.BloombergSo, while the demand to own calls going into the results is bullish, it could be bearish post-results because the value for all the calls will diminish once the IV falls. Right now, there is a massive build of call delta in AMD, and based on the profile of implied volatility, it would seem that most calls have likely been bought to open, which means the sellers of the calls are likely market makers who are hedged. If options traders were selling calls, the IV for AMD would decline the higher the stock price rises, which is not the case currently. Once the results hit, the IV will drop, and it will cause a repricing in the value of the calls, which means that hedges will need to be unwound, causing selling in the stock.BloombergWhat this means is that AMD will need to report not only results that are good enough to compensate for large bullish expectations already built in, as noted by the stretched valuation of the shares on a historical basis, but will need to be good enough to overcome the very high level of optimism in the options market. In this case, a large amount of call gamma built up around the $185 strike price for February 2. The stock will need to clear the $185 level following results, or it will likely see a drift lower as implied volatility levels drop and hedging flows unwind.BloombergGoing into results, the expectations for AMD are incredibly high, and the options market is betting on a decisive outcome. If the outcome is strong, it could lead to a push higher in the shares, leading to a test of $200. If the results do not meet the expectations or worse, the guidance is weak, which could result in a massive decline in the shares.The market has placed a big bet on AMD reporting stellar results.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":268077844283512,"gmtCreate":1706479873889,"gmtModify":1706479877244,"author":{"id":"3555362771681553","authorId":"3555362771681553","name":"selwyn","avatar":"https://static.tigerbbs.com/a7e6473ec2cec348d167d7d95fbdb76c","vip":1,"crmLevel":7,"crmLevelSwitch":0},"htmlText":"Thanks&nbsp;","listText":"Thanks&nbsp;","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268077844283512","repostId":2406712208,"repostType":2,"repost":{"id":"2406712208","pubTimestamp":1706410800,"share":"https://www.laohu8.com/m/news/2406712208?lang=&edition=full","pubTime":"2024-01-28 11:00","market":"us","language":"en","title":"AMD: The Market Has Gone All-In On Stellar Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2406712208","media":"Seeking Alpha","summary":"AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% i","content":"<html><head></head><body><ul style=\"\"><li><p>AMD&#39;s stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.</p></li><li><p>Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% in the fourth quarter.</p></li><li><p>The options market is extremely bullish on AMD, but there is a risk of a sharp decline in the stock if results do not meet heightened expectations.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a4eae30ea9d4af9aa428cfea271f4f3\" alt=\"StarZImages/iStock via Getty Images\" title=\"StarZImages/iStock via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>StarZImages/iStock via Getty Images</span></p><p>The market appears to have gone all in on Advanced Micro Devices, Inc. (NASDAQ:AMD), rising sharply after it reports results next week. If earnings and guidance beat expectations, a rally to $200 doesn&#39;t seem far-fetched, if earnings and guidance miss, an outcome similar to Intel and Tesla may await.</p><p>AMD will report fourth-quarter results on January 30 after the close of trading. Analysts see earnings growing by 11.9% this quarter to $0.77 per share, while revenue is expected to grow by 9.5% to $6.1 billion. Historically, adjusted gross margins are a big number for AMD and are expected to expand to 51.5% from 51% last year.</p><p>AMD&#39;s stock has rocketed higher in recent months as investors see a fortune in the stock driven by the growth of data centers and the increased usage of AMD&#39;s artificial intelligence GPUs. It sets expectations high for the data center business, with revenue expected to grow by 39% to $2.3 billion in the fourth quarter, while the client-side segment is expected to grow by 68% to $1.5 billion. The growth will need to be present in those two units because gaming is expected to decline by 24.2% to $1.2 billion, and the embedded unit will drop by 24% to $1 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0009002ea28600f19469d481c5f7d4e7\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"307\"/><span>Bloomberg</span></p><p>Guidance will be the key, especially if the stock should continue to gain. Analysts&#39; consensus estimates forecast earnings to grow by 14.8% in the first quarter to $0.69 per share, on revenue growth of 8.1% to $5.785 billion, as adjusted gross margins expand to 51.8% from 50% last year.</p><h2 id=\"id_2010315252\">Valuation Is Priced For Perfection</h2><p>Expectations are high for AMD based on the P/E ratio over the last twelve months of earnings, which has risen to more than 70 and only rose higher when the company emerged from years of lackluster results in 2018 and 2019. Also, the price-to-sales ratio has climbed to 13.2, levels not seen in a few years and, more importantly, at the upper end of the historical range. Given the stock&#39;s monstrous rise, there is no room for error when this company reports results.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/448a9c18c0b06fb565261dbdaf8c79de\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"307\"/><span>Bloomberg</span></p><h2 id=\"id_2001888581\">Options Market Is Extremely Bullish</h2><p>The options market seems to be even more bullish than the stock market regarding AMD. With the stock trading around $180, the skew in implied volatility is clearly to own a move higher in the shares post results, as noted by the rising implied volatility the higher the stock price increases for the expiration date on February 2.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8859d91a0f27a72d9e647789f7d407e\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"257\"/><span>Bloomberg</span></p><p>Call volume in AMD has been heavy, and the 105% moneyness 1-month options are trading with a higher implied volatility level than the 95% moneyness 1-month options. The heavy call volume and the skew in the implied volatility level in AMD and the rising stock suggest that the stock is driven higher by the heavy demand to own upside calls in AMD.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/286ce152360c8bdbd49b26518b2c2ed8\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"383\"/><span>Bloomberg</span></p><h2 id=\"id_232580122\">Too Much Optimism Could Be A Bad Thing</h2><p>But all of this bullish enthusiasm could hurt the stock after the report. Because heading into results, implied volatility tends to rise, and implied volatility tends to fall sharply after results. It means that options traders are paying a lot to own calls in AMD, and once the earnings pass, the IV in AMD will fall sharply.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e51b3ad0ac666612d5dcdaf33e7dd6\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"283\"/><span>Bloomberg</span></p><p>So, while the demand to own calls going into the results is bullish, it could be bearish post-results because the value for all the calls will diminish once the IV falls. Right now, there is a massive build of call delta in AMD, and based on the profile of implied volatility, it would seem that most calls have likely been bought to open, which means the sellers of the calls are likely market makers who are hedged. If options traders were selling calls, the IV for AMD would decline the higher the stock price rises, which is not the case currently. Once the results hit, the IV will drop, and it will cause a repricing in the value of the calls, which means that hedges will need to be unwound, causing selling in the stock.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36df49297f32204a45d5e0d5f1ca75b4\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"151\"/><span>Bloomberg</span></p><p>What this means is that AMD will need to report not only results that are good enough to compensate for large bullish expectations already built in, as noted by the stretched valuation of the shares on a historical basis, but will need to be good enough to overcome the very high level of optimism in the options market. In this case, a large amount of call gamma built up around the $185 strike price for February 2. The stock will need to clear the $185 level following results, or it will likely see a drift lower as implied volatility levels drop and hedging flows unwind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2553557bfbbfa061031ebf0ad18e6b61\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"149\"/><span>Bloomberg</span></p><p>Going into results, the expectations for AMD are incredibly high, and the options market is betting on a decisive outcome. If the outcome is strong, it could lead to a push higher in the shares, leading to a test of $200. If the results do not meet the expectations or worse, the guidance is weak, which could result in a massive decline in the shares.</p><p>The market has placed a big bet on AMD reporting stellar results.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: The Market Has Gone All-In On Stellar Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: The Market Has Gone All-In On Stellar Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-28 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% ...</p>\n\n<a href=\"https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4141":"半导体产品","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4573":"虚拟现实","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4512":"苹果概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","AMD":"美国超微公司","BK4529":"IDC概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4554":"元宇宙及AR概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4566":"资本集团","BK4575":"芯片概念","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC"},"source_url":"https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2406712208","content_text":"AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% in the fourth quarter.The options market is extremely bullish on AMD, but there is a risk of a sharp decline in the stock if results do not meet heightened expectations.StarZImages/iStock via Getty ImagesThe market appears to have gone all in on Advanced Micro Devices, Inc. (NASDAQ:AMD), rising sharply after it reports results next week. If earnings and guidance beat expectations, a rally to $200 doesn't seem far-fetched, if earnings and guidance miss, an outcome similar to Intel and Tesla may await.AMD will report fourth-quarter results on January 30 after the close of trading. Analysts see earnings growing by 11.9% this quarter to $0.77 per share, while revenue is expected to grow by 9.5% to $6.1 billion. Historically, adjusted gross margins are a big number for AMD and are expected to expand to 51.5% from 51% last year.AMD's stock has rocketed higher in recent months as investors see a fortune in the stock driven by the growth of data centers and the increased usage of AMD's artificial intelligence GPUs. It sets expectations high for the data center business, with revenue expected to grow by 39% to $2.3 billion in the fourth quarter, while the client-side segment is expected to grow by 68% to $1.5 billion. The growth will need to be present in those two units because gaming is expected to decline by 24.2% to $1.2 billion, and the embedded unit will drop by 24% to $1 billion.BloombergGuidance will be the key, especially if the stock should continue to gain. Analysts' consensus estimates forecast earnings to grow by 14.8% in the first quarter to $0.69 per share, on revenue growth of 8.1% to $5.785 billion, as adjusted gross margins expand to 51.8% from 50% last year.Valuation Is Priced For PerfectionExpectations are high for AMD based on the P/E ratio over the last twelve months of earnings, which has risen to more than 70 and only rose higher when the company emerged from years of lackluster results in 2018 and 2019. Also, the price-to-sales ratio has climbed to 13.2, levels not seen in a few years and, more importantly, at the upper end of the historical range. Given the stock's monstrous rise, there is no room for error when this company reports results.BloombergOptions Market Is Extremely BullishThe options market seems to be even more bullish than the stock market regarding AMD. With the stock trading around $180, the skew in implied volatility is clearly to own a move higher in the shares post results, as noted by the rising implied volatility the higher the stock price increases for the expiration date on February 2.BloombergCall volume in AMD has been heavy, and the 105% moneyness 1-month options are trading with a higher implied volatility level than the 95% moneyness 1-month options. The heavy call volume and the skew in the implied volatility level in AMD and the rising stock suggest that the stock is driven higher by the heavy demand to own upside calls in AMD.BloombergToo Much Optimism Could Be A Bad ThingBut all of this bullish enthusiasm could hurt the stock after the report. Because heading into results, implied volatility tends to rise, and implied volatility tends to fall sharply after results. It means that options traders are paying a lot to own calls in AMD, and once the earnings pass, the IV in AMD will fall sharply.BloombergSo, while the demand to own calls going into the results is bullish, it could be bearish post-results because the value for all the calls will diminish once the IV falls. Right now, there is a massive build of call delta in AMD, and based on the profile of implied volatility, it would seem that most calls have likely been bought to open, which means the sellers of the calls are likely market makers who are hedged. If options traders were selling calls, the IV for AMD would decline the higher the stock price rises, which is not the case currently. Once the results hit, the IV will drop, and it will cause a repricing in the value of the calls, which means that hedges will need to be unwound, causing selling in the stock.BloombergWhat this means is that AMD will need to report not only results that are good enough to compensate for large bullish expectations already built in, as noted by the stretched valuation of the shares on a historical basis, but will need to be good enough to overcome the very high level of optimism in the options market. In this case, a large amount of call gamma built up around the $185 strike price for February 2. The stock will need to clear the $185 level following results, or it will likely see a drift lower as implied volatility levels drop and hedging flows unwind.BloombergGoing into results, the expectations for AMD are incredibly high, and the options market is betting on a decisive outcome. If the outcome is strong, it could lead to a push higher in the shares, leading to a test of $200. If the results do not meet the expectations or worse, the guidance is weak, which could result in a massive decline in the shares.The market has placed a big bet on AMD reporting stellar results.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":267826497794288,"gmtCreate":1706418399959,"gmtModify":1706418405083,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"It's at a big crossroad now.&nbsp; If the results are way above what is being said, it may lead to another run. But then again, this may have already been priced in. But big expectations from the market may not be a good thing. If the results are neutral and just meet what people are expecting, we may see a sell-news affect take place. Let's see....","listText":"It's at a big crossroad now.&nbsp; If the results are way above what is being said, it may lead to another run. But then again, this may have already been priced in. But big expectations from the market may not be a good thing. If the results are neutral and just meet what people are expecting, we may see a sell-news affect take place. Let's see....","text":"It's at a big crossroad now. If the results are way above what is being said, it may lead to another run. But then again, this may have already been priced in. But big expectations from the market may not be a good thing. If the results are neutral and just meet what people are expecting, we may see a sell-news affect take place. Let's see....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/267826497794288","repostId":2406712208,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":268803770998968,"gmtCreate":1706660451876,"gmtModify":1706660459264,"authorId":3576140222331577,"author":{"id":3576140222331577,"authorId":3576140222331577,"name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.18","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":267826497794288,"type":1,"supId":0,"prevId":0,"content":"Looks like it is as I feared. Sell on good news. Dump on bad news. Either way, it was way overpriced. ","text":"Looks like it is as I feared. Sell on good news. Dump on bad news. Either way, it was way overpriced. ","html":"Looks like it is as I feared. Sell on good news. Dump on bad news. Either way, it was way overpriced. "},{"id":267842592096504,"gmtCreate":1706422331053,"gmtModify":1706422338809,"authorId":3576140222331577,"author":{"id":3576140222331577,"authorId":3576140222331577,"name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.18","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":267826497794288,"type":1,"supId":0,"prevId":0,"content":"I am actually more worried about this happening.\n<br><br>\n<br>“if earnings and guidance miss, an outcome similar to Intel and Tesla may await.”. \n<br><br>\n<br>Risks are greater than rewards I feel.","text":"I am actually more worried about this happening.\n<br><br>\n<br>“if earnings and guidance miss, an outcome similar to Intel and Tesla may await.”. \n<br><br>\n<br>Risks are greater than rewards I feel.","html":"I am actually more worried about this happening.\n<br><br>\n<br>“if earnings and guidance miss, an outcome similar to Intel and Tesla may await.”. \n<br><br>\n<br>Risks are greater than rewards I feel."}],"langContent":"EN"},{"id":267815431557256,"gmtCreate":1706415813075,"gmtModify":1706415817679,"author":{"id":"4166911424160822","authorId":"4166911424160822","name":"Jmw148","avatar":"https://community-static.tradeup.com/news/814f5bc99941639bb74e768fac5ee149","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Let's hope the results are as good as the expectations.&nbsp;","listText":"Let's hope the results are as good as the expectations.&nbsp;","text":"Let's hope the results are as good as the expectations.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/267815431557256","repostId":2406712208,"repostType":4,"repost":{"id":"2406712208","pubTimestamp":1706410800,"share":"https://www.laohu8.com/m/news/2406712208?lang=&edition=full","pubTime":"2024-01-28 11:00","market":"us","language":"en","title":"AMD: The Market Has Gone All-In On Stellar Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2406712208","media":"Seeking Alpha","summary":"AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% i","content":"<html><head></head><body><ul style=\"\"><li><p>AMD&#39;s stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.</p></li><li><p>Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% in the fourth quarter.</p></li><li><p>The options market is extremely bullish on AMD, but there is a risk of a sharp decline in the stock if results do not meet heightened expectations.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a4eae30ea9d4af9aa428cfea271f4f3\" alt=\"StarZImages/iStock via Getty Images\" title=\"StarZImages/iStock via Getty Images\" tg-width=\"750\" tg-height=\"500\"/><span>StarZImages/iStock via Getty Images</span></p><p>The market appears to have gone all in on Advanced Micro Devices, Inc. (NASDAQ:AMD), rising sharply after it reports results next week. If earnings and guidance beat expectations, a rally to $200 doesn&#39;t seem far-fetched, if earnings and guidance miss, an outcome similar to Intel and Tesla may await.</p><p>AMD will report fourth-quarter results on January 30 after the close of trading. Analysts see earnings growing by 11.9% this quarter to $0.77 per share, while revenue is expected to grow by 9.5% to $6.1 billion. Historically, adjusted gross margins are a big number for AMD and are expected to expand to 51.5% from 51% last year.</p><p>AMD&#39;s stock has rocketed higher in recent months as investors see a fortune in the stock driven by the growth of data centers and the increased usage of AMD&#39;s artificial intelligence GPUs. It sets expectations high for the data center business, with revenue expected to grow by 39% to $2.3 billion in the fourth quarter, while the client-side segment is expected to grow by 68% to $1.5 billion. The growth will need to be present in those two units because gaming is expected to decline by 24.2% to $1.2 billion, and the embedded unit will drop by 24% to $1 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0009002ea28600f19469d481c5f7d4e7\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"307\"/><span>Bloomberg</span></p><p>Guidance will be the key, especially if the stock should continue to gain. Analysts&#39; consensus estimates forecast earnings to grow by 14.8% in the first quarter to $0.69 per share, on revenue growth of 8.1% to $5.785 billion, as adjusted gross margins expand to 51.8% from 50% last year.</p><h2 id=\"id_2010315252\">Valuation Is Priced For Perfection</h2><p>Expectations are high for AMD based on the P/E ratio over the last twelve months of earnings, which has risen to more than 70 and only rose higher when the company emerged from years of lackluster results in 2018 and 2019. Also, the price-to-sales ratio has climbed to 13.2, levels not seen in a few years and, more importantly, at the upper end of the historical range. Given the stock&#39;s monstrous rise, there is no room for error when this company reports results.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/448a9c18c0b06fb565261dbdaf8c79de\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"307\"/><span>Bloomberg</span></p><h2 id=\"id_2001888581\">Options Market Is Extremely Bullish</h2><p>The options market seems to be even more bullish than the stock market regarding AMD. With the stock trading around $180, the skew in implied volatility is clearly to own a move higher in the shares post results, as noted by the rising implied volatility the higher the stock price increases for the expiration date on February 2.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8859d91a0f27a72d9e647789f7d407e\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"257\"/><span>Bloomberg</span></p><p>Call volume in AMD has been heavy, and the 105% moneyness 1-month options are trading with a higher implied volatility level than the 95% moneyness 1-month options. The heavy call volume and the skew in the implied volatility level in AMD and the rising stock suggest that the stock is driven higher by the heavy demand to own upside calls in AMD.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/286ce152360c8bdbd49b26518b2c2ed8\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"383\"/><span>Bloomberg</span></p><h2 id=\"id_232580122\">Too Much Optimism Could Be A Bad Thing</h2><p>But all of this bullish enthusiasm could hurt the stock after the report. Because heading into results, implied volatility tends to rise, and implied volatility tends to fall sharply after results. It means that options traders are paying a lot to own calls in AMD, and once the earnings pass, the IV in AMD will fall sharply.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e51b3ad0ac666612d5dcdaf33e7dd6\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"283\"/><span>Bloomberg</span></p><p>So, while the demand to own calls going into the results is bullish, it could be bearish post-results because the value for all the calls will diminish once the IV falls. Right now, there is a massive build of call delta in AMD, and based on the profile of implied volatility, it would seem that most calls have likely been bought to open, which means the sellers of the calls are likely market makers who are hedged. If options traders were selling calls, the IV for AMD would decline the higher the stock price rises, which is not the case currently. Once the results hit, the IV will drop, and it will cause a repricing in the value of the calls, which means that hedges will need to be unwound, causing selling in the stock.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/36df49297f32204a45d5e0d5f1ca75b4\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"151\"/><span>Bloomberg</span></p><p>What this means is that AMD will need to report not only results that are good enough to compensate for large bullish expectations already built in, as noted by the stretched valuation of the shares on a historical basis, but will need to be good enough to overcome the very high level of optimism in the options market. In this case, a large amount of call gamma built up around the $185 strike price for February 2. The stock will need to clear the $185 level following results, or it will likely see a drift lower as implied volatility levels drop and hedging flows unwind.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2553557bfbbfa061031ebf0ad18e6b61\" alt=\"Bloomberg\" title=\"Bloomberg\" tg-width=\"640\" tg-height=\"149\"/><span>Bloomberg</span></p><p>Going into results, the expectations for AMD are incredibly high, and the options market is betting on a decisive outcome. If the outcome is strong, it could lead to a push higher in the shares, leading to a test of $200. If the results do not meet the expectations or worse, the guidance is weak, which could result in a massive decline in the shares.</p><p>The market has placed a big bet on AMD reporting stellar results.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD: The Market Has Gone All-In On Stellar Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD: The Market Has Gone All-In On Stellar Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-28 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% ...</p>\n\n<a href=\"https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","BK4141":"半导体产品","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4573":"虚拟现实","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4512":"苹果概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","AMD":"美国超微公司","BK4529":"IDC概念","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK4554":"元宇宙及AR概念","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","BK4566":"资本集团","BK4575":"芯片概念","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC"},"source_url":"https://seekingalpha.com/article/4665322-amd-the-market-has-gone-all-in-on-stellar-results","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2406712208","content_text":"AMD's stock has risen sharply ahead of its fourth-quarter earnings report, with expectations of strong growth in the data center.Analysts expect earnings to grow by 11.9% and revenue to grow by 9.5% in the fourth quarter.The options market is extremely bullish on AMD, but there is a risk of a sharp decline in the stock if results do not meet heightened expectations.StarZImages/iStock via Getty ImagesThe market appears to have gone all in on Advanced Micro Devices, Inc. (NASDAQ:AMD), rising sharply after it reports results next week. If earnings and guidance beat expectations, a rally to $200 doesn't seem far-fetched, if earnings and guidance miss, an outcome similar to Intel and Tesla may await.AMD will report fourth-quarter results on January 30 after the close of trading. Analysts see earnings growing by 11.9% this quarter to $0.77 per share, while revenue is expected to grow by 9.5% to $6.1 billion. Historically, adjusted gross margins are a big number for AMD and are expected to expand to 51.5% from 51% last year.AMD's stock has rocketed higher in recent months as investors see a fortune in the stock driven by the growth of data centers and the increased usage of AMD's artificial intelligence GPUs. It sets expectations high for the data center business, with revenue expected to grow by 39% to $2.3 billion in the fourth quarter, while the client-side segment is expected to grow by 68% to $1.5 billion. The growth will need to be present in those two units because gaming is expected to decline by 24.2% to $1.2 billion, and the embedded unit will drop by 24% to $1 billion.BloombergGuidance will be the key, especially if the stock should continue to gain. Analysts' consensus estimates forecast earnings to grow by 14.8% in the first quarter to $0.69 per share, on revenue growth of 8.1% to $5.785 billion, as adjusted gross margins expand to 51.8% from 50% last year.Valuation Is Priced For PerfectionExpectations are high for AMD based on the P/E ratio over the last twelve months of earnings, which has risen to more than 70 and only rose higher when the company emerged from years of lackluster results in 2018 and 2019. Also, the price-to-sales ratio has climbed to 13.2, levels not seen in a few years and, more importantly, at the upper end of the historical range. Given the stock's monstrous rise, there is no room for error when this company reports results.BloombergOptions Market Is Extremely BullishThe options market seems to be even more bullish than the stock market regarding AMD. With the stock trading around $180, the skew in implied volatility is clearly to own a move higher in the shares post results, as noted by the rising implied volatility the higher the stock price increases for the expiration date on February 2.BloombergCall volume in AMD has been heavy, and the 105% moneyness 1-month options are trading with a higher implied volatility level than the 95% moneyness 1-month options. The heavy call volume and the skew in the implied volatility level in AMD and the rising stock suggest that the stock is driven higher by the heavy demand to own upside calls in AMD.BloombergToo Much Optimism Could Be A Bad ThingBut all of this bullish enthusiasm could hurt the stock after the report. Because heading into results, implied volatility tends to rise, and implied volatility tends to fall sharply after results. It means that options traders are paying a lot to own calls in AMD, and once the earnings pass, the IV in AMD will fall sharply.BloombergSo, while the demand to own calls going into the results is bullish, it could be bearish post-results because the value for all the calls will diminish once the IV falls. Right now, there is a massive build of call delta in AMD, and based on the profile of implied volatility, it would seem that most calls have likely been bought to open, which means the sellers of the calls are likely market makers who are hedged. If options traders were selling calls, the IV for AMD would decline the higher the stock price rises, which is not the case currently. Once the results hit, the IV will drop, and it will cause a repricing in the value of the calls, which means that hedges will need to be unwound, causing selling in the stock.BloombergWhat this means is that AMD will need to report not only results that are good enough to compensate for large bullish expectations already built in, as noted by the stretched valuation of the shares on a historical basis, but will need to be good enough to overcome the very high level of optimism in the options market. In this case, a large amount of call gamma built up around the $185 strike price for February 2. The stock will need to clear the $185 level following results, or it will likely see a drift lower as implied volatility levels drop and hedging flows unwind.BloombergGoing into results, the expectations for AMD are incredibly high, and the options market is betting on a decisive outcome. If the outcome is strong, it could lead to a push higher in the shares, leading to a test of $200. If the results do not meet the expectations or worse, the guidance is weak, which could result in a massive decline in the shares.The market has placed a big bet on AMD reporting stellar results.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":3,"repostSize":4,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2406712208"}