Put a pin in this - forget $NVIDIA (NVDA.US)$ , forget $Adva...
Put a pin in this - forget $NVIDIA (NVDA.US)$ , forget $Advanced Micro Devices (AMD.US)$ , forget $Microsoft (MSFT.US)$ , forget $Apple (AAPL.US)$ . When we look back 10 years from now, people will say $Qualcomm (QCOM.US)$ was the stock to buy. When everyone is going absolutely bananas about technology and bidding it to the sky, somehow you can still buy this for ~16x forward PE. If you're not buying and you're in the other tech stocks, you just aren't paying attention.
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Teddy Willson : 4 months ago you said Amd was overvalued at 90$, now 66% rise in that tiny amount of time. Let’s hope this prediction isn’t equally inaccurate.
baby boomers Teddy Willson : I have to explain this constantly, but just because a price goes up further from momentum does not mean that an evaluation of it as overvalued is wrong. AMD projects a forward EPS of $2.64, so yes even $90 is overvalued as it compares to the premium afforded to top-tier global titans with near-monopolies like MSFT (which AMD is not).
hairless : I've also been pounding the table on picks like QCOM, and not only is it actually undervalued (unlike AMD) but I'm more than 40% up and climbing on that position. AMD is in for a world of hurt when interest rates rise, as the future earnings priced in will be worth that much less while QCOM has titanic earnings RIGHT NOW. Again, short-term price movements don't prove your thesis, long-term secular trends and where they move in the next 5-10 years do.
Leoi : You only have to explain if what you said is the opposite of what happens. By saying “I have to explain this constantly”, that tells me all I need to know. That you say your predictions with far more confidence than accuracy.
rppIg2As8t Leoi : There is a great irony to the fact that you're lambasting my predictions, and all the while QCOM is absolutely rocketing up in price right now.
v5PvYvukTK rppIg2As8t : Great irony that you said “put a pin in this” as if what you say always happens. When your Amd prediction shows you can be up to 72% wrong in less than 4 months. I never said Qcom can’t go up, that you will certainly be wrong, or that it’s undervalued/overvalued. I said let’s hope this prediction isn’t equally inaccurate.