Moo Spotlights | Is it too late to buy AMD after the amazing earnings?

Moomoo AU wrote a column · 10 hours ago

$Advanced Micro Devices(AMD.US)$are rallying following the company's second quarter earnings report, which beat expectations on both revenue and profit margins primarily due to strong AI chip sales.

Chip stocks were rallying across the board on Wednesday, driven by a big earnings beat from AMD and Morgan Stanley naming Nvidia a top stock pick.

$Advanced Micro Devices(AMD.US)$ spiked as much as 11% before paring gains to about 5% higher. $NVIDIA(NVDA.US)$ surged 12% at intraday highs. Other stocks getting a lift included $ASML Holding(ASML.US)$ (up 11%), $Qualcomm(QCOM.US)$ (up 6%), and $Samsung NYSE FANG+ ETF(02814.HK)$ (up 4%).

Earnings Call Summary: AMD is jumping on the AI bandwagon

Moo Spotlights | Is it too late to buy AMD after the amazing earnings?

Mooers Insights: Is AMD a buy?

@Dr Coomer:Hopefully, less crazy, and more slow and steady

AMD will hopefully slowly over the next few months grow back to a 160-170, the recent dip and surge after earnings does make the stock seem quite violent, but give it a week and things may calm a little. Definitely would buy though.

@Invest with Sarge: Still under development descending or falling wedge

We now have what looks to me to be a still under development descending or falling wedge, which is a pattern of bullish reversal. The firm's RSI and daily MACD have been weak. Both have improved this morning. The stock will likely challenge its own 200-day SMA this morning. That, my friends is the pivot.

@103954601: AMD is already highly oversold

Don't make the wrong decision. It's already highly oversold. Take some profit off but don't leave the table.

@103998930: ARM VS AMD

AMD in the longer term is going to lose more market share, simply because ARM is going to replace alot of their CPU chips.. they are the budget GPU, and if its only that then ARM can replace it, give ARM some years to get there.

Mooers Investment Strategies: Seize investment opportunities

@Anthony 27: Keep buying Tech Stocks during this Correction ‼️ AI story is still intact

All in all, market is still volatile after all as there is still FOMC meeting going on during this midnight and $Meta Platforms(META.US)$/ $Amazon(AMZN.US)$/ $Apple(AAPL.US)$ Earning will be released by this week too but to be honest, so far all the M7 Earning is not really having any disaster problem. So far all is just fantastic. I believe after this week, there might be some huge tech rebound next week if Apple/Amazon/Meta Earning is as good as Microsoft‼️

@Luzi Ann Santos: AMD Investors Load Up on Bullish Options as Quarterly Earnings, Revenue Outlook Beat Estimates

Investors are spending millions of dollars on bullish options after the company's second quarter earnings and guidance beat analyst estimates.

@Anthony 27: AI stocks is Rising - NVDA is back🔥

I rather keep on buying NVDA and I don’t mind to extend my time horizon in my NVDA position. Of course, anything can happen in between which may cause a sharp drop in NVDA stock price but guess what…we can never guess the bottom, so I would keep on buying rather than shorting.

P/L Sharing: Who are the winners?

@103954601: thank lord almighty for buying dips.