u/kmindeye

AMD has a big habit of having great catalyst in the middle of economic turmoil. I was getting nervous. It is also election time. What a better time to destroy the market while people wait for data. Economy is doing well. Intrest rates are steady with inflation in check. Most earnings reports are killing it. A perfect time to sell. Actually a good economy is bad for high beta stocks. Why take the risk? China could dominate. We should see a broadening of the economy. I saw this coming but never imagined it this ridiculous. We should start to see a modest rebound next few days. Also more selective AI names. Im no longer worried about AMD earnings call as a downturn. I will hold through earnings. Hell or high water. AMD should be back to 500 by middle of September. We shall see. Expect a continued broadening of market. Im hoping AMD gains back at least 30% of its recent loss. Most likely chop until after rhe election.

AMD is one of the hardest stocks to guage and deal with. Watching it the last 15 years. Nothing ever makes sense. Fundamentals are strong, and the future seems good. Hope gaming will rise and their AI accelerators. Seems they are taking a good chunk from Nvidia with Thread Piper. Server market strong. Market share and momentum are hard games to guage. Book value or intrinsic value most place AMD $125. There report comes out on the 4th of April, and my gut says it will be stellar. Maybe do some call options around that date. If the overall economy stays stable, or good, I can see AMD hitting $175 $200 this year. Honestly, who knows. Like I have learned, AMD is a tough one.