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VC Billionaire Jim Breyer, Buying NVDA & AMD Heavily
@Semi_Dig：
Jim Breyer, a well-known Silicon Valley investor, revealed in an interview with the media in Davos that he is "vigorously buying" $NVIDIA Corp(NVDA)$ and $Advanced Micro Devices(AMD)$ shares "heavily" and predicts that AMD will be the next company to join the "Big Seven". "I have not underestimated Nvidia. It's the leader, but having a second source (for AI French fries) will help solve the difficulties in the ecosystem." I would add AMD to the 'Magnificent Seven' stocks, says VC investor Jim Breyer But AMD also faces the risk of overvaluation. Data shows that Nvidia's prospective price-to-earnings ratio is around 28 times, higher than the average semiconductor stock price of 23 times, while AMD's prospective price-to-earnings ratio has exceeded 40 times. Alec Young, chief investment strategist at MAPsignals, said that these stocks are significantly overvalued, especially AMD. Young added that AMD needs more evidence for its business prospects. According to AMD's press release, the company will announce its fourth-quarter and full-year 2023 report on January 30.
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