AMD: Just an Overreaction!
$Advanced Micro Devices(AMD)$
The $Taiwan Semiconductor Manufacturing(TSM)$ news is negative for TSMC as everyone wonders if its $Apple(AAPL)$ experiencing decreased sales that is impacting the TSM slowdown, but AMd is a major buyer of TSM chips as well.
First we need to hear TSM who will be coming out with their quarterly report and then at the end of the month after Intel reports we will hear how AMD is doing.
The analysts will be clinging to every word about the next quarter because that is when AMD was supposed to start having a bump in selling AI gpu's.
OH, another thing causing some volatility this week is the monthly options expiring on Friday IMHO...
Howver, I just want to say that this is a typical overreaction to a minor part of AMDs business model that it has at this time.
AMD is not dependent on AI alone and will continue to produce superior chip technology. On the other hand, NVDA has a lot more at stake to lose!
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