AMD has always been a tough and resilent stock over the years. When compared to NVDA, AMD seems less appealing and Wall street has the tendency to punish the 2nd best. However, when compared to Intel, which used to be the leader in semi, AMD would be considered a great success.
The rotation from AMD to NVDA is only temporary and is a great opportunity to buy the dip. This dip is caused by the strong push in NVDA and investors being cautious before earring calls. In the long run, we see 2 winners championing different AI customer segments.
We expect AMD to do well again this earnings just like TSMC as AI demand is still strong. We support the 2 winners perspective. And eventually see these 2 companies like Apple and Microsoft. [Cool] [Cool] [Miser] [Miser]
As AMD enters reversal trend, current RSI of 30 shows that the stock is reaching oversold territory. There aren't very strong reasons for this oversold trend except for the mass dumping after AMD conference. We project the support to be maintained at 150, and will see a revival when the selling frenzy is over.
Modify on 2024-10-23 19:53
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- vuvence IX·10-23I agree, AMD has skin in several games and a broad base.1Report
- stomachooo·10-23Possible reversal soon1Report
- YueShan·10-24Good ⭐️⭐️⭐️1Report