Entered AI PC. Will and When AMD Rebound?

$Advanced Micro Devices(AMD.US)$ released two new chips rcently, officially entering the AI PC space, and the stock jumped nearly 2% after the release. 🖥️

Since the beginning of this year, many chip manufacturers have started to make efforts in the field of AI PC,🔥 such as $Qualcomm(QCOM.US)$ , $Intel(INTC.US)$ , and $NVIDIA(NVDA.US)$ . After 🍎 $Apple(AAPL.US)$ abandoned its car project to focus on AI, its first project was also focused on AI PCs. 🖥️🤖

From the perspective of stock price trends, the recent performance of AI stocks has been average, and $Advanced Micro Devices(AMD.US)$ stock price has fallen nearly 30% from its peak. 📉On the daily chart, using the EMA15 and EMA50 to assist in observing short-term trends, it can be seen that the EMA15 has fallen below the EMA50, forming a death cross, which is not a good signal for short-term price trends. Yesterday it fell nearly 6% and closed at $154, treading on the MA120 line, which is another big blow to buy-on-the-dip traders.

From the previous quarter's performance $Advanced Micro Devices(AMD.US)$ PC chip business has indeed rebounded. In Q4 2023, the PC business revenue was 1.46 billion US dollars, a year-on-year increase of 62%. However, the PC business only accounts for about 24% of the total revenue, so the impact of the PC business on the total revenue is not as significant as the impact of the Data Center on the total revenue.

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