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AMD's Meteoric Rise: Pioneering AI RevolutionAdvanced Micro Devices Inc. ( NASDAQ:AMD ) continues its meteoric ascent, with shares surging to new record highs, propelled by the chipmaker's pivotal role in the artificial intelligence (AI) revolution. As NASDAQ:AMD 's market capitalization surpasses the $300 billion mark for the first time, investors are bullish on the company's prospects in the burgeoning AI market and its ability to outperform competitors. The chipmaker's stellar performance in recent months reflects its status as a primary beneficiary of the AI boom, with demand for AI processors driving significant revenue growth and market expansion. Optimism surrounding NASDAQ:AMD 's new AI processors has fueled investor confidence, leading to a remarkable recovery from earlier setbacks and a surge in stock valuation. Analysts at Citigroup Inc. underscore the bullish sentiment surrounding semiconductor stocks, particularly in light of the expanding AI market. NASDAQ:AMD stands out as a favored pick alongside industry giants like Nvidia Corp. and Broadcom Inc., highlighting its pivotal role in driving innovation and delivering cutting-edge solutions to meet evolving market demands. However, despite NASDAQ:AMD 's impressive growth trajectory, concerns linger about its valuation, with shares trading at a premium compared to industry leader Nvidia. While the stock commands a higher multiple of nearly 50 times estimated earnings, analysts remain broadly positive, with the majority recommending buying NASDAQ:AMD shares. With the semiconductor industry poised for continued growth and innovation, AMD's leadership in AI-driven technologies positions it for sustained success and market dominance. As businesses and organizations across various sectors increasingly adopt AI solutions, the demand for high-performance chips is expected to soar, further fueling NASDAQ:AMD 's growth trajectory. While NASDAQ:AMD 's stock may appear richly valued relative to its peers, the company's strong fundamentals, technological innovation, and strategic positioning justify investor optimism. With shares trading just below the average price target, there remains potential for additional upside, signaling continued momentum and growth prospects in the foreseeable future. In conclusion, NASDAQ:AMD 's remarkable journey to new record highs underscores its leadership in the semiconductor industry and its pivotal role in driving the AI revolution. As the company continues to innovate and capitalize on emerging market trends, investors can expect NASDAQ:AMD to remain at the forefront of technological advancement and deliver long-term value creation in the dynamic semiconductor landscape.
NASDAQ:AMDLong
by DEXWireNews
AMD Short Trade Opportunity - Very Overbought in a Greedy MarketNASDAQ:AMD is currently above a resistance level, and I think the price is very overbought here. There is still some bullishness short-term, but shorts have been getting wrecked and I wouldn't FOMO here. Maybe there could be a short trade setup once AMD stops trending up. I like the current price levels for shorting. I believe semiconductor chip stocks have been extremely bullish, and I haven't wanted to be against them. However, they seem very overvalued at current prices, and I think the market could get a pullback soon. I think the AMD stock price and RSI will need a correction within the next few weeks. The correction could put AMD around $140 price levels.
NASDAQ:AMDShort
by realchartchamp
AMD Double Top formed. Time to pull-back?Advanced Micro Devices (AMD) has been rising non-stop before February, and gave our last solid buy on our December 12 2023 analysis (see chart below): Since then, it formed a High (Higher High for the 1.5 year Channel Up) on January 25 2024 and Resistance 1. On Friday it touched this level again, which is so far a technical Double Top formation. As long as it holds, we expect the 1D MA50 (blue trend-line) to break for the first time in 4 months (since November 01 2023) and approach the 1D MA100 (green trend-line). On top of that, the 1D RSI is on Lower Highs that broke below the Higher Lows which has been the Sell Signal during the previous three occurrences. Our target is a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
2
The AI Crypto Boom: Is This the Beginning of a New Era?2023 has witnessed a significant surge in AI-related cryptocurrencies . This boom can be partly attributed to the explosive growth of NVIDIA (NVDA) stock, a leader in the graphics processing unit (GPU) industry, which are used to train AI models. Factors Driving the Growth NVDA's Rise: NVDA's price has been on a tear, forming a bullish manipulative pattern. This bullish trend has inspired investors to have similar expectations for AI-related coins. AMD's Accumulation-Manipulation-Distribution Pattern: AMD is not a competitor of NVDA in this context, but rather an example of a successful "accumulation - manipulation - breakout" pattern. This pattern is characterized by a period of accumulation, where investors slowly buy up a coin, followed by a period of manipulation, where the price is artificially inflated, and finally a breakout, where the price rises sharply due to increased demand. Effect on Other Coins: The bullish trend in NVDA and the successful breakout of AMD's accumulation-manipulation-breakout pattern have led to a surge in AI-related coins such as RNDR, THETA, NEAR, and FET. A Look at Promising Coins: RNDR: Render Network utilizes a decentralized network for 3D graphics and video rendering. The rise of the metaverse could potentially drive demand for RNDR's services. THETA: Theta Labs aims to revolutionize video streaming by providing a decentralized content delivery network. The growth of streaming content could make THETA an attractive investment. NEAR: NEAR Protocol is a smart contract platform focused on scalability and speed. The growth of decentralized applications (dApps) could make NEAR a valuable choice. FET: Fetch.ai is developing a decentralized network for exchanging data and machine learning models. The growth of AI could increase demand for FET's services. Important Considerations: The cryptocurrency market is volatile and unpredictable. It is crucial to conduct your own research before investing in any coin. This article is not financial advice. Only invest what you can afford to lose. Conclusion AI-related cryptocurrencies are experiencing impressive growth. While it is impossible to say for certain whether this is the beginning of a new era, the possibilities of AI in the crypto space are worth considering. However, it is important to conduct thorough research and understand the associated risks before investing.
Editors' picks
RLong
by Yaroslav_Krasko
17
SMCI - builds the data centers for AI and is hotter than hotSuper Microcomputer is on hard run up trend- at its all-time high, this stock is demonstrating a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for 400% annualized. Most experts expect more of the same. It is currently resting in consolidation ( the tight channel of the pattern) The zero-lag MACD shows the lines about to cross over the histogram. I will watch this stock for either a bullish continuation or a pullback. Its fundamentals are outstanding and its collaboration with NVDA will carry it far. I will wait for a great entry and take a big bite. This stock's P/E makes it an incredible bargain.
NASDAQ:SMCILong
by AwesomeAvani
4
SALESFORCE 310 AFTER EARNINGS Strong Revenue Growth: Salesforce’s total revenue for Q2 2024 was $8.603 billion, up from $8.247 billion in Q1 20241. This consistent growth in revenue is a positive sign. Impressive Earnings Per Share (EPS): The basic earnings per share (EPS) for Q2 2024 was $1.4118, up from $0.7562 in Q1 20241. This significant increase in EPS indicates a strong financial performance. Positive Analyst Expectations: Analysts expect the company to report earnings of $2.27 per share on revenue of $9.2 billion2. If Salesforce meets or exceeds these expectations in their upcoming earnings report, it could provide a further boost to the stock. Historical Stock Performance: The stock soared 12% after its last earnings report3, which could indicate investor confidence in the company’s financial health and future prospects.
NYSE:CRMLong
by NYRUNSGLOBAL
2
Momentum, Growth & Innovation: Updated WatchlistMomentum, Growth & Innovation: Updated Watchlist www.tradingview.com My updated trading watchlist includes a diverse range of companies across various sectors, prominently featuring technology, healthcare, and finance, among others. These companies, currently part of ARK Invest's holdings, are identified as being in a confirmed Stage 2 uptrend, indicating strong bullish trends according to Mark Minervini's methodology. This analysis will highlight key sectors represented, providing a broad understanding of the market dynamics at play. Technology Sector Companies like NASDAQ: NASDAQ:AMD (Advanced Micro Devices Inc) NASDAQ: NASDAQ:MSFT (Microsoft) NASDAQ: NASDAQ:NVDA (NVIDIA Corporation) and NASDAQ: NASDAQ:GOOG (Alphabet) underscore the significant emphasis on technology, particularly in semiconductors, cloud computing, and artificial intelligence. These firms are at the forefront of innovation, driving trends in digital transformation, and represent strong growth opportunities as they capitalize on increasing demand for technology solutions. Healthcare and Biotechnology NASDAQ: NASDAQ:IONS (Ionis Pharmaceuticals) NASDAQ: NASDAQ:RXRX (Recursion Pharmaceuticals Inc) NYSE: NYSE:NET (Cloudflare) and NASDAQ: NASDAQ:VRTX (Vertex Pharmaceuticals Incorporated) highlight the focus on healthcare and biotechnology. This sector benefits from ongoing advancements in medical research, genetic sequencing, and personalized medicine. Companies in this space are pivotal in addressing global health challenges, including new therapies and vaccines, reflecting potential for significant impact and investment returns. Finance and Cryptocurrency With holdings like NYSE: NYSE:ICE (Intercontinental Exchange Inc) NASDAQ: NASDAQ:COIN (Coinbase Global Inc) and AMEX: BITO, there's a clear interest in financial services and the burgeoning field of cryptocurrencies. These selections point to the growing influence of digital assets and blockchain technology in reshaping financial transactions, investment strategies, and asset management. Consumer Discretionary and E-Commerce Companies such as NASDAQ: NASDAQ:AMZN (Amazon.com Inc) NYSE: NYSE:SHOP (Shopify Inc.) and NASDAQ: NASDAQ:MELI (MercadoLibre) represent the e-commerce and consumer discretionary sectors. Their inclusion underscores the continued growth in online retail and digital consumer behaviors, accelerated by global shifts towards online shopping and digital platforms for goods and services. Aerospace and Defense With NYSE: NASDAQ:KTOS (Kratos Defense & Security Solutions Inc) NYSE: NYSE:LHX (L3Harris) and NASDAQ: NASDAQ:AVAV (AeroVironment Inc.) there's an acknowledgment of the importance of aerospace and defense. These companies are involved in cutting-edge technology for national security, space exploration, and unmanned aerial vehicles, sectors expected to see substantial growth due to increased defense spending and interest in space. Conclusion My watchlist reflects a strategic focus on high-growth sectors poised for continued expansion and innovation. By targeting companies within technology, healthcare, finance, consumer discretionary, and aerospace & defense, the list aligns with sectors that not only have strong current performance but also hold future growth potential.
AMEX:ARKK
by JS_TechTrading
AMD Stock Analysis: Testing Resistance and Potential MovementsAMD stock appears to have lacked strong upward momentum as it couldn't close above the red signal on the daily chart. If the daily chart closes below the red signal again, the initial reaction area could be the Kaufman Moving Average at 167.15. On daily closings above the red signal, it may experience some bounce from the middle band of the channel; however, a daily close above the channel might indicate a potential upward momentum. WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS; THIS IS PURELY AN OPINION. INVEST WISELY AND CONDUCT THOROUGH RESEARCH.
NASDAQ:AMD
by Can_EasyMoney_TR
NVDA to AMD Ratio Comparative ValueHere on a daily chart I have the ratio of shares of NVDA to AMD and so the market caps proportions. From September 2022 and for a year NVDA rose more than AMD and so the ratio rose. From September 2023 to January 2024, NVDA fell as compared with AMD perhaps because AMD's rate of rise on a percentage basis exceeded that of NVDA. Since the first of the year, the ratio is rising meaning NVDA is gaining share price faster than AMD. If a trader could switch between these, the ratio represents a way to determine which to sell and which to buy at any given time. Right now, NVDA is the buy until the ratio curve reverses.
NASDAQ:NVDA
by AwesomeAvani
Wormhole Set to Use AMD Chips for Scaling 'Light Client' ProofsInteroperability platform Wormhole will leverage Advanced Micro Devices' ( NASDAQ:AMD ) enterprise-grade FPGA hardware accelerator chips for scaling cross-chain communication. The project will make use of AMD’s Alveo U55C and U250 adaptable accelerator cards to enhance capacity for secure cross-chain messages using zero-knowledge proofs (ZKPs). As a bridge solution connecting over 30 blockchains, Wormhole has embraced the integration of zero-knowledge proofs into the platform. It is developing “light client” implementations for secure transfers across various chains, using ZKPs. The goal is to create secure “corridors” between blockchains for messaging. Moreover, this necessitates substantial computing power for the generation and verification of proofs across networks. That’s where the Advanced Micro Devices ( NASDAQ:AMD ) chips come into the picture. These FPGA chips are widely used for compute-heavy tasks like training machine learning models. Wormhole is optimizing its platform for AMD chips. "Advanced Micro Devices ( NASDAQ:AMD ) plays a critical role in this effort by providing enterprise-grade FPGA and GPU hardware and lending deep hardware expertise to Wormhole ZK engineers to ensure efficiency and speed,” said Dan Reecer, co-founder and chief operating officer at Wormhole Foundation. Advanced Micro Devices ( NASDAQ:AMD ) contribution to the project supersedes hardware provision — it will also share its expertise in hardware acceleration to improve the scalability of applications developed within the Wormhole ecosystem. Zero Knowledge-Based Light Clients In the coming months, organizations contributing to Wormhole will start rolling out mainnet deployments of various zero-knowledge (ZK) light clients. Just last week, Wormhole revealed a collaboration with Succinct Labs, to enhance the development and performance of an Ethereum-based ZK light client. Wormhole’s plan is to create secure communication channels across major blockchains, including Ethereum, Near, Solana, Aptos, Sui, and Cosmos. Scaling concerning proof generation and verification in the light clients will be facilitated through Advanced Micro Devices ( NASDAQ:AMD ). Wormhole’s core contributors emphasize the critical importance of its product security. This stance stems from an incident in February 2022, when a security breach facilitated by a signature verification flaw in the Wormhole network on Solana led to the theft of over $320 million in $ETH. Fortunately, the compromised funds were later recovered. According to the contributors, ZK-based light clients will significantly contribute to improving the project’s security and decentralization.
NASDAQ:AMD
by DEXWireNews
TESLA 206 - 216 - 230 TP Why Tesla is Poised for a Bull Run Tesla Inc., the leading electric vehicle (EV) manufacturer, has shown remarkable resilience and growth potential, making it a strong candidate for a bull run. Here are some key reasons: 1. Strong Financial Performance Tesla’s financial performance has been impressive. The company’s revenue reached $81.5 billion in 20221, and its stock price has seen a 5-year total return of 795.71%, placing it in the top 10% of its industry2. Despite a decrease in net income in Q3 20233, Tesla’s overall financial health remains strong. 2. Market Leadership Tesla continues to lead the EV market. It was the most valuable automotive brand worldwide as of June 20231 and led the battery-electric vehicle market in sales1. Despite increased competition, Tesla’s market share in the U.S. and Canada is growing, heading towards 3%, while in Europe and China, 2% is within range4. 3. Production and Delivery Growth Tesla’s vehicle deliveries reached a record 1.31 million units in 20221, showing a steady year-over-year growth. The company’s long-term target is to increase electric car sales by an average of 50% year-over-year4. 4. Expansion Plans Tesla is expanding its manufacturing capacity with new factories in Germany and Texas5. These new facilities will help meet the growing demand for Tesla’s vehicles, potentially driving further growth. 5. Innovative Product Line Tesla is not resting on its laurels. The company plans to launch new models, including the Cybertruck, Semi, and Roadster6. The introduction of these new vehicles could attract new customers and boost sales. 6. Charging Infrastructure Tesla’s plans for the world’s largest Supercharger station in California7 indicate the company’s commitment to developing a robust charging infrastructure. This will not only benefit current Tesla owners but also make EVs more appealing to potential buyers. 7. Strategic Market Moves Tesla is making strategic moves to capture more market share, such as lowering the price of its cars in China and emphasizing online sales8. These strategies could significantly impact future earnings. In conclusion, Tesla’s strong financial performance, market leadership, production growth, expansion plans, innovative product line, development of charging infrastructure, and strategic market moves position it well for a bull run
NASDAQ:TSLALong
by NYRUNSGLOBAL
Nasdaq-100 Index Futures. Bearish Channel In DevelopmentAI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft NASDAQ:MSFT , Alphabet NASDAQ:GOOG and Advanced Micro Devices NASDAQ:AMD delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares to record highs with the promise of incorporating the technology across the corporate landscape. Alphabet dropped 5.6% after the Google-parent's December-quarter ad revenue missed expectations. Alphabet also said its spending on data centers to support its AI plans would jump this year, highlighting the costs of its fierce competition against AI rival Microsoft. While Google Cloud revenue growth slightly topped Wall Street targets, boosted by interest in AI, Microsoft's Azure grew faster. Microsoft beat analyst estimates for quarterly revenue as new AI features helped attract customers to its cloud and Windows services. However, its stock fell 0.7% in extended trade after briefly hitting an intra-day record high earlier on Tuesday. Optimism about AI pushed Microsoft's stock market value above $3 trillion this month, eclipsing Apple NASDAQ:AAPL . Chipmaker Advanced Micro tumbled 6% after its forecast for first-quarter revenue missed estimates, even as it projected strong sales for its AI processors. Shares of Nvidia NASDAQ:NVDA , which have surged 27% in January after more than tripling last year on AI optimism, also gave back some of those gain in extended trade, last down over 2%. Server maker Super Micro Computer NASDAQ:SMCI , another company that has benefited from AI-related demand, dropped over 3%. Earlier on Tuesday, it had climbed to a record high after delivering amazing quarterly results the day before. The main technical graph for Nasdaq-100 Micro E-Mini Futures CME_MINI:MNQ1! illustrates that bearish channel is in development in this time, where 17800 points is the upper (resistance) side and 17000 points level becomes attractive to watch. 3-months mid-term VIX Futures spread (the difference between front, February, 2024 VIX Futures contract CBOE:VXG2024 and May, 2024 VIX Futures contract CBOE:VXK2024 that is 3 months ahead) still is in Bearish mode, saying there's no panic yet on the streets. 50/200-hours MACD says btw, bearish sentiment becomes more active.
CME_MINI:MNQ1!
by Pandorra
Possible Significant RecoveyThis scenario is VERY tricky, let me explain why it could go either way, drastically. I'll separate the bull/bear ideas. The nasdaq looks like it could bounce off the BB bottom for a decent recovery, but, it's to see what happens tomorrow. Reasons for Bull Rally This month inflation report is cooler. With a lower CPI, markets will anticipate a 50 basis point or 25 basis point hike, meaning a more dovish stance from the Fed. Reasons for Selling This month inflation report is still high or hotter than expected. With a higher CPI, markets will anticipate a 75 basis point or higher hike, meaning a more hawkish stance from the Fed. July 29th Q2 GDP comes in negative, officially putting the US in recession. The negativity possibility is significant. July economic data can break markets like not seen before. This is one to watch. I understand this is the 1M chart, so any move upward will be quick. I don't see markets rising for a few months, but, who knows.
NASDAQ:IXIC
by WorldEconomics
How to BRR 101Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the dashed blue channel, every time it dips outside of that it gets bought up fast: - Initial target = 187.50 by 2/9/2024 - After that hits it will pullback to around 176 - If 176 can hold as support it will make one final run to 192-199 by early March 2024 Trailing Stop loss is 2 consecutive closes below the dotted red line. Entered Feb 16 175 calls for 3.50 on 1/31/2024 (underlying 167.67)
NASDAQ:AMDLong
by JerryManders
10
AMD Has it finally topped? Short-term sell in order?Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below): This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High formations. In addition, the 1D RSI is on Lower Highs that just broke below the Higher Lows and that has been the Sell Signal during the previous three occurrences. We are targeting a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 (green trend-line) breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDShort
by TradingShot
11