$AMD(AMD)$Sept inflation and jobs data show that the Fed will have to be more aggressive, but mkts rallied yesterday. I suspect it didn't sink instead because the 75 bps has largely been priced in for the Nov FOMC, and as for the Dec one, though it may warrant higher rates, isn't that soon. The next big event is probably the earnings result, which AMD has already guided lower. But as we saw before from NVDA, when they lowered earnings guidance before the actual earnings, it sparked a sell-off, then when the actual earnings came out, which was indeed bad, it sparked another sell-off again. I think AMD might follow the same pattern. Data centres likely to show resilience but PC segment falter.
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