This is a fantastic buying opportunity for arguably the second best Semiconductor stock in its specific fields which are Database, AI & Gaming.
A great risk reward ratio is on offer here and I expect the name to bounce off the $95 level. This is a great opportunity to accumulate stock here ahead of their release in Q4 of the MI300 chip which is looking super hot.
Since its high in early June around $132 AMD's stock has not moved int he same direction as its fundamental's. This has to change by either the stock falling along with AMD'S fundamental outlook or the stock rising to play catch up with AMD's fundamentals. With AMD's outlook looking stronger & stronger, this presents a great text book buying opportunity here.
Bargain...
A great risk reward ratio is on offer here and I expect the name to bounce off the $95 level. This is a great opportunity to accumulate stock here ahead of their release in Q4 of the MI300 chip which is looking super hot.
Since its high in early June around $132 AMD's stock has not moved int he same direction as its fundamental's. This has to change by either the stock falling along with AMD'S fundamental outlook or the stock rising to play catch up with AMD's fundamentals. With AMD's outlook looking stronger & stronger, this presents a great text book buying opportunity here.
Bargain...