AMD: CHOOSE IT!
Naz -0.03%, $NVIDIA Corp(NVDA)$ +0.21%, $Intel(INTC)$ -0.73%, $Advanced Micro Devices(AMD)$ +1.84% (broke 150 intraday) closed at $148.76 today.
It seemed many people began to realize Amd's AI upside potential is tremendous and are waiting sidelines looking for opportunities to get in!
Shorts still trying to use the current high PE as an excuse to knock it down. Not sure what will happen before Q4 ER in late January?
Will it pull back some because of the over-bought situation, or the continuous buying will test the ATH of $164.46?
If Q1 guidance further confirms the sharp rise of revenue and earning, Amd may hit $200 earlier than we thought (perhaps some time in 2024Q2)!
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