17/3 Analysis: Why We Can Be 🐂-ish For NVDA & AMD

This week has been a very interesting week for investors with plenty of volatility with the VIX spiking, 🏦🏦🏦 collapses, rumors & worries. Through it all, though, there’s been a rush into safe-haven assets like Treasury securities & gold, & to individual stocks like MSFT, NVDA, AMD, GOOGL, AAPL, AMZN, META because of the AI🤖-hype created by the release of GPT-4 & new 🤖 announcements from MSFT🐂🐂🐂 MSFT was not the only 1 soaring, & brought with it an analyst upgrade for NVDA & possible break-out for AMD🥳🥳🥳

NVDA:

⭐️ At one point on 17/3 (Fri), NVDA stock was 3.4% higher. At that highs, the shares were up about 15% for the week. NVDA closed higher each day this week-an impressive feat given the macro backdrop, all thanks to GPT-4 & MSFT🥳🥳🥳

⭐️ NVDA have powered 77% higher YTD when the S&P 500 only risen 2%.

⭐️ NVDA’s valuation “has moved to the stratosphere on near-term numbers,” but Morgan Stanley (MS) still sees the stock as an attractive way to play the semiconductor landscape. Stratospheric valuation was explained to be “trading at a P/E premium to our entire universe.” 😯😮😲

⭐️ MS’s analyst upgraded the shares to overweight from equal weight on 16/3 (Thu), cheering opportunities brought on by the enthusiasm around generative 🤖-the type of 🤖 popularised by ChatGPT & NVDA can help power these applications.

⭐️⭐️⭐️ New price🎯 of $304 from $225🥳🥳🥳 According to the analyst,

➡️“The high capital intensity of these workloads, particularly on the training side, is now a major part of the calculus for the largest companies in technology, with NVDA having dominance in the training market that is likely to persist for several years,”

➡️ Excitement around large-language models, which use machine learning to understand language, “is turning into stronger spending both near term and long term.”

➡️ When thinking about trends on a 5-year basis, NVDA is still expensive, “but not dramatically out of line with peers,”

➡️ There’s even the potential for Nvidia to win at the rest of the computing 🌎’s expense as companies face budget pressures but recognize the importance of investing in 🤖

➡️ “cloud vendors are going to slash spending on traditional workloads to fund 🤖-models.”

AMD:

⭐️ AMD is on its 3rd straight weekly gain & is up fully 61% from the year-to-date (YTD) low. That’s Super Impressive👍👍👍 given the recent backdrop & the S&P 500's 4 declines in the past 5 weeks.

⭐️ After rocketing off the $80 area & thus, the 10-week & 200-week moving averages-AMD stock is running right into the $100 area.

‼️ The $100 zone was notable resistance until an enormous breakout in mid-2021, which then cemented this area as support over the next 12 months. Eventually the 🐻 market caught up with AMD & sent the shares below this key level & it again became resistance.

⚠️ If AMD cannot break out over this key area, we could be looking at a dip back into the high-$80+, its prior resistance that will hopefully act as support, along with the rising 10-day moving average.

🐂🐂🐂 In the event of a breakout, there could be a move to the $110 zone next, followed by $120 to $123. 

Amid the gloomy 🏦🏦🏦 crisis, investors rotated back to tech & chip stocks where growth can be propelled by 🤖 & GOOGL, AMZN, & META gained🥳

$NVIDIA Corp(NVDA)$ $Advanced Micro Devices(AMD)$ $Alphabet(GOOGL)$ $Coinbase Global, Inc.(COIN)$ $NASDAQ(.IXIC)$ 

Fellow 🐯🐯🐯 Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way & for more 🤖Stock Price Predictions🔮

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As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

@TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion 


# 💰 Stocks to watch today?(29 Mar)

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.

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  • WernerBilly
    ·2023-03-18
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    Yes semiconductors are so strong 😺 Buy NVDA when pullback
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    • JonC1997


      Nj
      2023-03-19
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    • Jon1997
      Dd
      2023-03-19
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    • LMSunshine
      Agree❣️
      2023-03-18
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  • Dump It
    ·2023-03-18
    TOP
    Bullish NVDA AMD GOOGL TESLA
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    • LMSunshine
      Agree❣️
      2023-03-18
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    • xiaobaii
      like & comment please
      2023-03-18
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  • WebbBart
    ·2023-03-18
    TOP
    Keep buying tech stocks💪 Like to hold NVDA and AMD
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    • LMSunshine
      Agree❣️
      2023-03-18
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  • xiaobaii
    ·2023-03-18
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    like & comment please
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  • OldCat
    ·2023-03-18
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    Thanks for sharing
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    • LMSunshine
      Welcome friend🥰 How’s your portfolio doing?
      2023-03-18
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  • JohnMitchell
    ·2023-03-18
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    Those who have SOXL are very lucky.
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    • LMSunshine
      It hasn’t broken $17 in a longgg time
      2023-03-18
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  • kytphine
    ·2023-03-18
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    thanks for sharing
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    • LMSunshine
      Welcome friend, happy to share🥰
      2023-03-18
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  • gelatoz
    ·2023-03-19
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    $Advanced Micro Devices(AMD)$ for growth and dividend
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    • LMSunshine
      Agree❣️
      2023-03-19
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  • MayTan
    ·2023-03-19
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    Great ariticle, would you like to share it?
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    • LMSunshine
      Thanks for helping to repost🥰
      2023-03-19
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  • WonderElephant
    ·2023-03-19
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    NVDA for the win!

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    • LMSunshine
      Agree❣️
      2023-03-19
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  • 古菜不是菜
    ·2023-03-19
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    Thanks for sha ring
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    • LMSunshine
      Welcome, happy to share🥰
      2023-03-19
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  • icycrystal
    ·2023-03-19
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    thanks for sharing
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    • LMSunshine
      Welcome buddy, happy to share🥰
      2023-03-19
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  • Seth87
    ·2023-03-24

    Great ariticle, would you like to share it?

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    • LMSunshine
      Thanks🥰
      2023-03-24
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  • Alupigus
    ·2023-03-25

    Great ariticle, would you like to share it?

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  • Oceanrock
    ·2023-03-25

    这篇文章不错,转发给大家看看

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  • ARISTO
    ·2023-03-24

    Great ariticle, would you like to share it?

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  • Still learning
    ·2023-03-23

    Great ariticle, would you like to share it?

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  • BipBip888
    ·2023-03-23

    Great ariticle, would you like to share it?

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  • Missyuniversa
    ·2023-03-21

    Great ariticle, would you like to share it?

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  • Missyuniversa
    ·2023-03-20

    Great ariticle, would you like to share it?

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