AMD: Why I'm Doubling Down

Data Center revenue hit $3.5 billion in Q3 2024, growing 122% year-over-year, fueled by AI demand.
Ryzen processors drove Client segment revenue to $1.9 billion, a 29% year-over-year increase, bolstering AMD’s profitability.
Data Center operating income soared 240% to $1.041 billion, reflecting strong margins and high-demand products like EPYC CPUs.
Gaming revenue dropped 69% to $462 million, while Embedded fell 25%, impacting AMD’s growth diversification.
AMD trades near $140, with a technical target of $196, bolstered by November’s favorable seasonality and momentum indicators.

da-kuk/E+ via Getty Images

Investment Thesis

Since our last coverage, Advanced Micro Devices, Inc. (NASDAQ:AMD) has retreated to $140, entering our buying zone. I have taken this opportunity to double down on my position, with AMD’s technical target at $196, with strong support

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Comments

KSR
11-11
KSR
👍
YueShan
11-11
YueShan
Good ⭐️⭐️⭐️

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(<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/AMD\">AMD</a></span>) has retreated to $140, entering our buying zone. I have taken this opportunity to double down on my position, with AMD’s technical target at $196, with strong support</p></body></html>","htmlText":"<html><head></head><body><ul>\n <li>Data Center revenue hit $3.5 billion in Q3 2024, growing 122% year-over-year, fueled by AI demand.</li>\n <li>Ryzen processors drove Client segment revenue to $1.9 billion, a 29% year-over-year increase, bolstering AMD’s profitability.</li>\n <li>Data Center operating income soared 240% to $1.041 billion, reflecting strong margins and high-demand products like EPYC CPUs.</li>\n <li>Gaming revenue dropped 69% to $462 million, while Embedded fell 25%, impacting AMD’s growth diversification.</li>\n <li>AMD trades near $140, with a technical target of $196, bolstered by November’s favorable seasonality and momentum indicators.</li>\n</ul>\n<p></p><img src=\"https://static.tigerbbs.com/6c2fdfdaeb90836f1f4acee07c4db185\">\n<p class=\"item-caption\"></p>\n<p class=\"item-credits\">da-kuk/E+ via Getty Images</p>\n<p></p>\n<div class=\"inline_ad_placeholder\"></div>\n<h2>Investment Thesis</h2>\n<p>Since our <a href=\"https://seekingalpha.com/article/4725456-why-amd-stock-could-keep-climbing\">last coverage</a>, Advanced Micro Devices, Inc. (<span class=\"ticker-hover-wrapper\">NASDAQ:<a href=\"https://seekingalpha.com/symbol/AMD\">AMD</a></span>) has retreated to $140, entering our buying zone. I have taken this opportunity to double down on my position, with AMD’s technical target at $196, with strong support</p></body></html>","text":"Data Center revenue hit $3.5 billion in Q3 2024, growing 122% year-over-year, fueled by AI demand. Ryzen processors drove Client segment revenue to $1.9 billion, a 29% year-over-year increase, bolstering AMD’s profitability. Data Center operating income soared 240% to $1.041 billion, reflecting strong margins and high-demand products like EPYC CPUs. Gaming revenue dropped 69% to $462 million, while Embedded fell 25%, impacting AMD’s growth diversification. AMD trades near $140, with a technical target of $196, bolstered by November’s favorable seasonality and momentum indicators. da-kuk/E+ via Getty Images Investment Thesis Since our last coverage, Advanced Micro Devices, Inc. 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