Fundamentally NVIDIA still dominates the AI datacenter market with a market share of over 90%. But Advanced Micro Devices is improving its hardware and software offerings. The recently released MI325X and the upcoming MI350 series could give AMD more market share with faster release cycles. First signs show significant customer interest. In addition, AMD has a more stable revenue stream from other products like CPUs and non-AI datacenters. Given the high prices of NVIDIAs products the market itself should have a deeper interest in more competition.
Target Zones
- $135
- $160
- $200
Support Zones
- $117-$120
Trade active
Our "friends" at HSBC wanted to help us with this trade and published a sell rating, lowering their target from, I think, $210 to $110. I've heard that selfish action was to hedge their options on AMD. Since the technical setup is intact and the fundamental valuation becomes more attractive when looking at growth potential in 2025, this trade is still a high chance and high ROI.Related publications
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.