Vs. $NVDA, $AMD Has Ability to Double in Price
$NVIDIA Corp(NVDA)$ is now 10 times larger than $Advanced Micro Devices(AMD)$ , with a market cap of $2.8 Trillion
Sales in $NVDA is $79 Billion
Sales in $AMD is $22 Billion
3.5 times the difference, considerably less than the 10 times In terms of risk v reward, $AMDs ability to double in price right now is far greater than $NVDA’s probability.
$Advanced Micro Devices(AMD)$ TD Cowen conference tomorrow and AMD is a participant, expecting some bullish news.
$NVIDIA Corp(NVDA)$ $NVDA is the king but AI/chip demand is big enough for two chip players imo.
I don’t think AMD is done. Looks ready for a push to $180. If it can close above, $192 is the next target.
Image
Top Bullish Flow on Tuesday
$GameStop(GME)$ - $3.38M
$Tesla Motors(TSLA)$ - $3.35M
$Advanced Micro Devices(AMD)$ - $3.33M
$Apple(AAPL)$ - $2.58M
Image
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.
They are totally in different trend