$Advanced Micro Devices(AMD)$

$Advanced Micro Devices(AMD)$ 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.10-30

AMD Guidance Misses: Will it Hit $130 This Time?

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? Will AMD drop to $130?

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Comments

TBITrades
10-30
TBITrades
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

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