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Forecast came true

AMD Will Move Higher After Quarterly Earnings Report on Wednesday
22 july

Bulls and bears of  will be out in full force on Monday, ahead of the earnings report on Wednesday.

AMD had a strong run, ahead of results:

$AMD, ADVANCED MICRO DEVICES / H1

From $9 to $16.50, in fact.

Fundamentals are strong: Intel's i9 CPU is an embarrassment and there is talk of the CPU in macbooks that are running too hot. Could Apple switch to AMD, too?

AMD will go up after the ER Wed. 

Agree or disagree?

Reasons to agree:

  • Multiple product releases like Ryzen 2 will continue to lift revenue
  • Valuations are high but not excessive like that of Nvidia

Reasons to disagree:

  • Stock ran-up before ER
  • GPU sales headwind as crypto GPU demand weakened.

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Comment below.

Note: come back to this post on Wed AMC to get final tally on vote results and the answer.

AMD Will Move Higher After Quarterly Earnings Report on Wednesday

Agreed
34 people
Disagreed
6 people

Forecast came true

AMD rose from $15 to a high of $33.34. It closed at $20.

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