AMD and "the pullback"
Once $Advanced Micro Devices (AMD.US)$ finishes pulling back and going down, everything else will be at all time highs and ripe for a "healthy pullback", and AMD will go down in sympathy then too. Then it will report earnings, beating expectations but having one of its endless "one time accounting charges" plus a softly bullish guidance and the stock will get punished. Next some random analyst with a success rate of 3% will lower a price target and the stock will get punished. Then this country will invade that country and the stock will tank. Then inflation will tick up slightly and all tech will pull back. Then there'll be another rate cut, but jobs data will be soft and chips will go down. Then memory makers will explode profits and moon, hyperscalers will announce record profits and Capex, NVIDIA will surge, Broadcom will surge, micron will surge and "AI and tech are booming" say bobbleheads. Meanwhile AMD will show softening in PC and inventory correction for embedded, and will pull back.
End of whinge.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
BigZ1256 : If it plummets to 80, I will sell my house and go all in.
105118193 BigZ1256 : Will the house sell?
BigZ1256 105118193 : Yes.
Mega Cong BigZ1256 : refinance better la