$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ 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.07:55

AMD Guidance Misses: Is $150 a Good Bottom Opportunity?

AMD's Q3 revenue grew by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted earnings per share came in at $0.92, in line with market expectations. However, the Q4 guidance fell short of expectations, dampening the enthusiasm surrounding AI chip demand. -------------------- What's your target price? Would you bottom AMD at $150 or lower prices?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":365503878053960,"tweetId":"365503878053960","gmtCreate":1730244666971,"gmtModify":1730246129331,"gmtUserModify":1730246125201,"author":{"id":3578382992939732,"idStr":"3578382992939732","authorId":3578382992939732,"authorIdStr":"3578382992939732","name":"Gabe_","avatar":"https://community-static.tradeup.com/news/b184d58a0d0a35bed936997b73fb778f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-5","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 5%","bigImgUrl":"https://community-static.tradeup.com/news/28b025635697d2f8cba3e94ec9f33231","smallImgUrl":"https://community-static.tradeup.com/news/b9d0f04877ffafa61d3f0d06efb58d87","grayImgUrl":"https://community-static.tradeup.com/news/0b3045db9a2ba37916c82e771c62bd6c","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.14","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[{"themeId":"a4ad303581b1483181cddec9f699095e","categoryId":"7a15628ce2174325bddc6229505e0d70","name":"AMD Guidance Misses: Is $150 a Good Bottom Opportunity?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":a4ad303581b1483181cddec9f699095e}&rnconfig={\"headerBarHidden\": true}","description":"AMD's Q3 revenue grew by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted earnings per share came in at $0.92, in line with market expectations. However, the Q4 guidance fell short of expectations, dampening the enthusiasm surrounding AI chip demand.\n--------------------\nWhat's your target price?\nWould you bottom AMD at $150 or lower prices?\n","image":"https://community-static.tradeup.com/news/3d7306488e867e5b5aea8d90bd7da97f"}],"images":[],"coverImages":[],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"0\"></v-v>Earnings beat but still not enough. Expectations for this stock is so high and AMD needs to justify its high valuation by showing its insane growth and ability to capture market share. The Market clearly dislike&nbsp;this stock and AMD is not a market darling as compared to&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;\nThe 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 $160. Probably go sideways this coming months....&nbsp;[Weak]&nbsp;&nbsp;</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/AMD\">$Advanced Micro Devices(AMD)$&nbsp;</a><v-v data-views=\"0\"></v-v>Earnings beat but still not enough. Expectations for this stock is so high and AMD needs to justify its high valuation by showing its insane growth and ability to capture market share. The Market clearly dislike&nbsp;this stock and AMD is not a market darling as compared to&nbsp;<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a>&nbsp;\nThe 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 $160. Probably go sideways this coming months....&nbsp;[Weak]&nbsp;&nbsp;</body></html>","text":"$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]","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/365503878053960","repostId":0,"isVote":1,"tweetType":1,"viewCount":454,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA","AMD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":668,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/365503878053960"}