AMD: What's Going on?
Double Top on SOXX index at 525 level. Seasonality December tends to be bearish cycle month for SOXX index. It’s NO hidden fact most of this upswing is 100% stock buybacks by the companies.
Read 10 Q for AMD for details on its $12 billion buyback plan. NVDA reporting on its revenue is highly suspicious! How much are “ they” cooking the books to keep this AI train afloat?
AMD is trading way above its actually revenue.
Bubble ready to pop!
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.
