AMD - Watch for Earnings tomorrow

29 Jul 2024

AMD seems to be oversold and ready for turnaround. Catalyst will be solid earnings as this $228 Billion market cap ugly step sister to NVDA will surprise.

Gap should be filled on way up.

GLA

2 Agu 2024

Trade aktif

AMD its been a bad trip for bulls here post earnings. makes you want to curl up in a the fetal position and hide but the reality is, if youre a trader, when you're in a bad position you have to TRADE your way out of it. my two cents are that this AMD green candle this morning is due to INTC bad earnings just as NVDA rose 3x % the day after AMD announced earnings. AMD is the clear number 2 by far and is still an important part of the sector. Fund managers that specialize in this group dont have many proven profitable choices and will ultimately come back to AMD and make it a solid performer from a stock price perspective. remember, not too long ago this was 200+ (literally a few months ago). Keep the faith.