🔥AMD Bullish 🙌

Market always full of uncertainties or surprises!😂

Semi and AMD $Advanced Micro Devices(AMD)$ had a good run for 3 weeks (from 95 to 111) and had a big pull back on October 13th.🤣

STO indicator showed it started coming g down from over bought zone. So a further pull back may happen unless some good news come out to support its uptrend?

Just a reminder, AMD long term still looks great but short term could be volatile!😎🥳

I predict the following…

2 or 7 November ER… For the 3rd quarter 2023 the Revenue of $5.7B will be an increase sequentially of 6.5% and YoY increase of 2.5%.

Sequentially the Client and the Datacenter each will have grown by double-digit percentage and will be offset by the Gaming and Embedded segments.

Guidance will be great with dramatic increases in all segments, led by the greatest increase in Data Center.

Therefore, with great guidance AMD will increase into November to $120 with volatility reducing, but still high through 1H24.

# Will Semi earnings drive stocks higher?

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  • Edison1220
    ·2023-10-16
    Hopefully
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