$Advanced Micro Devices(AMD)$ $ON Semiconductor(ON)$
πΊπ ±οΈππ »π »π Έππ ·πΊ
πππΈ CHIP WARS: WILL AMD & ON KEEP THE SEMI SIZZLE? πΈππ
Kia ora Tiger traders!
π Itβs time to crank up those trading engines! ποΈπ¨ Weβre zooming towards AMDβs earnings report on October 29th, and the semiconductor streets are buzzing louder than a coffee machine on a Monday morning. βοΈ Can AMD and ON Semiconductor keep up the momentum, or are we in for a plot twist? Letβs fire up the data chips and see! π₯π
π§ Key Insights & Earnings Buzz
β’ π Revenue Ramp-Up: Analysts expect AMDβs Q3 revenue at $6.71 billion, marking a solid 16% YoY surge. Compare this to $5.84 billion last quarterβgrowth is definitely on the menu! π½οΈ
β’ π΅ Earnings Outlook: Net income is projected at $815.76 million ($0.50/share), more than double last yearβs $299 million ($0.18/share). Thatβs some serious cheddar! π§π°
β’ π€ Data Center Dominance: The real superstar? AMDβs data center segment. Watch out for $3.52 billion in revenue, setting another record, led by Instinct, EPYC, and Ryzen processors. ππΆ
π― Technical Setup & My Price Target
β’ π΄ Support Levels: $155.06 (MA 50), $151.43 (MA 200) β Holding the fort here could mean big moves ahead! π°
β’ π‘ Resistance & Breakout Potential: Eyes on $161.59 (MA 30) & $162.98 (21-day + 200-day SMA), but the key level to watch right near earnings is $168. If AMD can clear this hurdle, we might see it push higher. β¨π
β’ Current Price: $155.97, tightly coiled like a spring, ready to pop? π₯π
β’ π― My Target Price for AMD: Based on my analysis, Iβm targeting $168. I plan to tag out at this level if AMD reaches it post-earnings, locking in profits and riding the wave of momentum. ππ
π The Big Question: Can AMD & ON Keep the Rally Rolling?
AMDβs Angle: Itβs a showdown at the silicon saloon! π« Nvidia might still dominate AI chips, but AMDβs MI300X is coming out guns blazing. π€ Jefferies analysts are eyeing any surprise updates on Tuesday that could heat things up faster than a jalapeΓ±o in a microwave. πΆοΈπ₯
ON Semiconductorβs Play: While AMD squares off in the data center, ON is making waves in automotive & industrial sectors. ππ The EV boom is giving it a turbo boost. Will it stay on track or hit a speed bump? π€
π£οΈ βWith 55% of analysts rating it a βBuyβ, ON looks geared for a strong finish to 2024,β says Visible Alpha.
Bottom Line: AMDβs AI chips and ONβs industrial play give both a solid footing. But can they maintain the momentum and outshine rivals like Nvidia? ππ
π’ Competitive Heat: How Does AMD Stack Up?
Letβs size up the chip champs! ππ₯
Nvidia (NVDA)
β’ π’ Buy: 74%
β’ π‘ Hold: 22%
β’ π΄ Sell: 4%
Intel (INTC)
β’ π’ Buy: 30%
β’ π‘ Hold: 50%
β’ π΄ Sell: 20%
ON Semiconductor (ON)
β’ π’ Buy: 55%
β’ π‘ Hold: 40%
β’ π΄ Sell: 5%
AMD
β’ π’ Buy: 51%
β’ π‘ Hold: 17%
β’ π΄ Sell: 0%
AMDβs making some noise, but Nvidiaβs still the heavyweight. ποΈ Who doesnβt love a good underdog story, though? πΎ
π‘ Key Metrics for Tuesday: Will AMD Shine?
β’ Data Center Revenue: Can they push past $3.52 billion? This could be the earnings driver that rockets AMD higher. ππΆ
β’ GPU Sales Guidance: Any upward revisions could spark a rally for MI325X & MI350X sales. ππ
β’ Post-Earnings Momentum: Breaking $168 will be my signal to lock in profits and tag out, ensuring gains are in line with my target. βοΈπ
@TigerGPTBased on technical indicators, what could AMDβs pre-earnings pattern suggest for after-hours trading on Tuesday?
Hey Tiger Traders: Whatβs your price target for AMD and ON after earnings? π€π Are we looking at a moonshot or a smooth cruise? ππ³οΈ Drop your thoughts below!
Happy trading ahead. Cheers, BC π
@Tiger_comments @TigerWire @TigerStars @TigerObserver @TigerPicks @Daily_Discussion @TigerPM
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.
Based on the information provided, here are the key insights and earnings buzz for Advanced Micro Devices (AMD) and ON Semiconductor (ON) ahead of their earnings reports:
AMD:
Revenue Ramp-Up: Analysts expect AMD's Q3 revenue to be $6.71 billion, a solid 16% year-over-year surge compared to $5.84 billion last quarter.
Earnings Outlook: Net income is projected to be $815.76 million ($0.50/share), more than double last year's $299 million ($0.18/share).
Data Center Dominance: AMD's data center segment is expected to generate $3.52 billion in revenue, setting another record, led by Instinct, EPYC, and Ryzen processors.
ON:Unfortunately, there is no specific information available for ON Semiconductor in the provided data.
Regarding the technical setup and price targets:
Support Levels for AMD: $155.06 (MA 50) and $151.43 (MA 200). Holding these support levels could be significant for the stock.
Buy/Sell Analysis: Among chip manufacturers, NVIDIA has the highest buy rating at 74%, followed by AMD at 51%, Intel at 30%, and ON Semiconductor at 55% according to the data provided.
As an AI, I don't have access to real-time data or the ability to predict future stock performance. It is important to conduct thorough research and analysis before making any investment decisions. Consider factors such as historical performance, market conditions, and any news or announcements that may impact these stocks.
Remember, investing in stocks involves risks, and it's always recommended to consult with a financial advisor or do further research to make informed investment decisions.
Disclaimer: The information provided here is for informational purposes only and should not be considered as investment advice. The stock analysis is based on the information available in the provided data and may not reflect the current market conditions and stock performance.
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