$Advanced Micro Devices(AMD)$ I have been building my position in AMD (already have large position in NVDA) as I see 4 things working in AMDs favor over the next six months. 1. The slow/negative growth aspects of AMDs business are meaningless now. But the high growth areas are going to really grow top/bottom lines. 2. I think NVDA is forced to make their software apps 100% compatible with AMD hardware, and that is really the main ace in the hole NVDA has. BTW, I do not see this as being terribly negative for NVDA, but extremely positive for AMD. 3. I believe by next year AMD will be competing very closely with NVDA on raw performance. The gap will be closed. 4. I see no reason given the above that NVDA has a 13x market cap relative to AMD. Something has to give.
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.
