$Advanced Micro Devices (AMD.US)$ China wants nothing to do ...
$Advanced Micro Devices(AMD.US$ China wants nothing to do with Intel or AMD chips over the next several years they want him to be completely phased out from all of their products manufactured within China. that's the most recent news and why Intel and AMD are getting whacked this morning. this is a continuation of the pissing match between the powers to be at 1600 Pennsylvania avenue and is radical left that want to ban tick tock and make China divest and sell tick tock to a third party so this is in my opinion nothing more than a continuation of pushback by China flexing their muscle saying well we're just going to make changes on our end that are going to affect two large chip companies and by the way good luck with that foundry in California because we're not going to be buying any of those chips
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Master Corgi : I’m always clueless why people still buy this stock
TehChino Master Corgi: hype & PE ratio overpriced
10baggerbammOP Master Corgi: well it's trading in bands so it is tradable and it has been proven to be tradable at these prices within the $3 swing it is down immensely from its peak and I own it indirectly because of soxl holdings. sadly I also have ownership and Intel.. but I also have ownership and Nvidia through the leveraged ETF so there are people that own it through ETFs through mutual funds and AMD is a force to be reckoned with and there will be consolidation in the stock and they will evolve and they will come out with new products and then the stocks going to trade higher but right now it's very range bound and you can see institution still unloading the stock they're still dumping even at these levels
Master Corgi TehChino: Yup super super overvalued.