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

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

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

Leave a comment

962

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":369348517216560,"tweetId":"369348517216560","gmtCreate":1731079800000,"gmtModify":1731202476483,"author":{"id":4114775922899662,"idStr":"4114775922899662","authorId":4114775922899662,"authorIdStr":"4114775922899662","name":"Yiannis","avatar":"https://community-static.tradeup.com/news/0196a755f37421d4c173301ca5159810","vip":8,"userType":8,"introduction":"Growth, Growth At A Reasonable Price, Value, Long-Term Horizon","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":928,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://static.tigerbbs.com/6c2fdfdaeb90836f1f4acee07c4db185"}],"coverImages":[{"img":"https://static.tigerbbs.com/6c2fdfdaeb90836f1f4acee07c4db185"}],"title":"AMD: Why I'm Doubling Down","html":"<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>","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. (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","highlighted":1,"essential":1,"paper":2,"likeSize":962,"commentSize":2,"repostSize":41,"favoriteSize":0,"link":"https://ttm.financial/post/369348517216560","repostId":0,"isVote":1,"tweetType":1,"viewCount":2146,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["WRD","GFS","AMD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":740,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":369671156981768,"commentId":"369671156981768","gmtCreate":1731289329819,"gmtModify":1731289333159,"authorId":4121076730674632,"author":{"id":4121076730674632,"idStr":"4121076730674632","authorId":4121076730674632,"name":"KSR","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":369348517216560,"objectIdStr":"369348517216560","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👍","text":"👍","html":"👍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":369517616021752,"commentId":"369517616021752","gmtCreate":1731255805328,"gmtModify":1731255808638,"authorId":3583033297199166,"author":{"id":3583033297199166,"idStr":"3583033297199166","authorId":3583033297199166,"name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":369348517216560,"objectIdStr":"369348517216560","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Good ⭐️⭐️⭐️","text":"Good ⭐️⭐️⭐️","html":"Good ⭐️⭐️⭐️","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/369348517216560"}