The Long Investor
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$AMD TOP 20
🕑 Added 2025-02-05 10:58:12 +0000 UTC$AMD reported a double beat:
AMD recorded $7.66 billion in total revenue with $1.09 in adjusted EPS for Q4 2024, while its data center segment brought in $3.86 billion instead of the forecasted $4.14 billion despite robust AI chip sales.
The Data Center growth has been a big driver for $AMD, so seeing this miss estimates has spooked the market post earnings....that being said, this is their blemish, does one miss on one section in their report merit an -8% reaction....I see this as an overreaction
CEO Lisa has also said she expects a strong 2025....but she is fond of a positive soundbyte.
The truth is, $AMD has not been able to deliver rockstar reports like $NVDA has over the last few years and if they are to compete and take market share, they need to up their game and develop better chips, it's as simple as that.
But is there value here now?
I believe there is but we need to see where support comes in.
Firstly, I would not be surprised to see an attempt at trying to recover the 200 WMA at $115 today, losing an important support level like this is likely always met with a retest from below at least.
A rejection at $115 from below then we can assume that the next test of support will be the blue support line which aligns with the 0.78 Fib at $91.
I will not be selling any company below the 200 WMA, not when they double beat and when they produce +$7Billion per quarter on a $193 Market Cap....when we compare this to outrageous valuations in the market right now.
Like I said yesterday when I added, I will happily add again at $91 if I get a chance, for now, I am waiting for support to be tested.
Comments
Ondrashin
The technical setup at the end of 2022 might be what is ahead of us right now.
A.S.
Are there any valuation concerns for AMD? How do you think it compares to AVGO?
