$AMD: The AI Challenger Closing 2024 Strong
Introduction
AMD’s 2024 journey has been marked by strong performance in AI and gaming, backed by solid product launches and strategic moves.
📈 As the year ends, AMD’s MI300 series has crossed $5 billion in data center GPU revenue, setting the stage for further growth in 2025.
💡 But is this momentum enough to solidify AMD as a long-term investment opportunity? Let’s explore. 🔍
Key Insights
1. Financial Highlights 💵
Stock Price: $119.21 (+0.28% today).
P/E Ratio: 45, showcasing high growth expectations.
Revenue Growth: +18% YoY in Q3, driven by data centers and gaming. 🎮
Note: While AMD’s valuation appears stretched compared to historical norms, its forward-looking growth potential justifies a deeper look. 👀
2. AI Market Expansion 🤖
MI300 Series Success: AMD’s data center GPU revenue surpassed $5 billion in 2024, boosted by adoption across cloud providers and enterprises. ☁️
Future Pipeline: The MI325X is set to launch in late 2024, and the MI350 series is planned for 2025. These products aim to strengthen AMD’s position in AI computing.
Analysis:
The global AI market, projected to reach $1 trillion by 2030 🌍, presents immense growth opportunities. AMD’s investment in AI-focused products and partnerships positions it well to capture a meaningful share of this expanding market. 🚀
3. Gaming and Esports Stability 🎮
Revenue: Gaming contributed $1.5 billion in Q3 (+4% YoY).
Growth Drivers: Ryzen CPUs and Radeon GPUs remain popular for gaming rigs, while console upgrades and esports continue to fuel demand.
Takeaway: Gaming remains a consistent revenue stream for AMD, complementing its more volatile AI and data center segments. 💻
4. Competitive Positioning ⚔️
Against Nvidia: AMD’s MI300 series competes in performance and adoption but remains a challenger to Nvidia’s dominance.
Against Intel: AMD continues to outpace Intel in CPU performance and market share growth, reinforcing its reputation as a reliable competitor. 🏆
5. Undervaluation Potential 📊
AMD trades below key moving averages, suggesting a potential opportunity for long-term investors.
Forward P/E could drop to 30 if 2025 earnings grow as projected, aligning with value-focused investment strategies. 📉➡️📈
What’s Next? 🔮
With 2024 closing on a strong note, AMD’s focus shifts to executing its 2025 product launches and capitalizing on AI market growth. Whether you see AMD as undervalued or overvalued depends on your confidence in its ability to sustain this momentum. 🧠
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult a professional before making investment decisions. 📢
Aistocks
$NYSE:BBAI Double and Triple Bottoms with positive indicatorsThanks to @Money_Wins_Honey for getting this on my radar.
NYSE:BBAI is showing double and triple bottoms in the weekly as well as daily chart. The price targets are $8.43 and $12.96.
Here are my positives that support this trade:
The volume has been really going through the roof
Williams %R it tracking higher lows
It's in the AI space so it's HOT right now
Entry Points:
Higher Risk - Now, and place a stop below $3.00 (that's the current shelf that's being formed)
More conservative - wait until after breaking the double bottom resistance line (closing above $4.81)
Exits:
Double Bottom PT - $8.43
Triple Bottom PT - $12.96
Good Luck!
C3.AI: Waiting for this huge buy breakout signal.C3.ai is on a neutral technical outlook both on the 1D and 1W timeframes (RSI = 51.525, MACD = -0.010, ADX = 22.326) as it is trading around the 1W MA50 for 5 straight weeks. This sideways price action is approaching the top of the June 2023 Channel Down, which on the greater scale technically looks like a giant Bull Flag. For the first time in its history, the 1W MA200 is at 33.00 and falling. A test of the top of the Channel Down may coincide with a 1W MA200. This is the level that separates the long term bearish from bullish trends. If it breaks we will go long and target the R1 level (TP = 49.00).
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chip stocks still shocked but uptrend intactid still not short this stock and look to buy higher lows in this and other semiconductor names. the tech rally and ai boost have really made a lasting impact on this stock. if we remain above the marked out levels or break out to new highs id shoot for above $152 soon.
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:
Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.
As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).
Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.
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NVDA: Riding the AI Hype Wave to $250!NASDAQ:NVDA just hit its all-time high last friday, reaching my swing trade target. While I took profits as part of my routine discipline, I still believe there's plenty of upside left, with $250 in sight.
Here's why:
Strong Fundamentals: Nvidia consistently beats earnings expectations, with EPS climbing from $0.11 to $0.68 over recent six quarters. This growth trajectory shows no signs of slowing down, reinforcing the stock's upward momentum.
Analyst Confidence: Out of 65 analysts, 51 rate Nvidia as a "Strong Buy," with none suggesting a sell. While the average price target is $149.81, the highest target of $202.79 shows strong backing from the financial community.
Bullish Technicals: Weekly and daily moving averages, from the 10-day to the 200-day, are flashing "Buy" across the board. Add to that a myriad of other indicators in different time frames (basically, you name it), and it’s signaling "Buy." In short, everything is pointing towards continued bullish momentum and potential for further gains.
Market Leadership: Nvidia's dominance in AI and high-performance computing continues to grow. Its cutting-edge AI chips, as well as its strong presence in data centers and gaming, put the company in a prime position to capitalize on key growth sectors.
And finally, why am I more bullish than even the highest analyst target? Well, it’s simple: the hype. Nvidia is at the forefront of the most exciting and disruptive technologies today—AI, data centers, gaming—you name it. The market's enthusiasm surrounding these sectors is growing exponentially, and Nvidia is perfectly positioned to ride that wave. Sometimes, fundamentals and technicals align with pure market excitement, and that’s where I see Nvidia pushing past those conservative estimates toward $250.
Disclaimer: This content is for informational and educational purposes only. It should not be considered as financial or investment advice. Trading stocks involves risk, and you should perform your own research or consult with a professional before making any investment decisions. Past performance is not indicative of future results.
Nvidia Stock Analysis: Demand for AI Chips Fuel Bullish MomentumNvidia’s meteoric rise in 2024 has been nothing short of remarkable, fueled by the surging demand for its AI chips. Nvidia CEO Jensen Huang described this demand as "insane" during an interview with CNBC, sparking even more excitement around the chipmaker’s stock. As of Thursday's premarket trading, Nvidia shares are up 1.91%, and all eyes are on the company’s continued growth potential.
Insane Demand and Strategic Partnerships
Nvidia (NASDAQ: NASDAQ:NVDA ) has emerged as a global leader in AI infrastructure, with its next-generation Blackwell AI chips driving much of the growth. Huang's comments highlight the unprecedented demand for these AI chips as companies across various industries race to build out their AI capabilities. Nvidia’s strategic partnership with IT consulting firm Accenture is another critical factor driving growth. The collaboration aims to help businesses implement AI-powered solutions using Nvidia’s cutting-edge technology, further extending Nvidia’s reach into the enterprise AI market.
This partnership underscores Nvidia’s ability to build an ecosystem of AI-driven businesses, drawing comparisons to tech giants like Microsoft and Oracle. By expanding its AI infrastructure, Nvidia is ensuring its long-term dominance in the AI space, and investors are responding in kind. Nvidia’s stock has surged 140% year-to-date, far outpacing expectations.
Strong Financial Performance
Nvidia’s financials remain impressive. The company has consistently outperformed Wall Street’s projections, driving a rally in its stock price and contributing significantly to the broader market rally in the S&P 500. The expanded partnership with Accenture further solidifies Nvidia’s position as a dominant force in the AI landscape. Additionally, demand for AI chips from companies and governments alike continues to rise, making Nvidia the go-to choice for building AI infrastructure.
Nvidia’s massive year-to-date gains have been driven by demand across various sectors for AI solutions, cementing its place at the center of the AI revolution. This success is only expected to continue as Nvidia rolls out more advanced chips and expands its partnerships.
Technical Outlook
From a technical perspective, Nvidia’s stock is showing signs of even further upside potential. After peaking in June, NASDAQ:NVDA has been consolidating within a symmetrical triangle pattern—a classic chart formation that suggests a period of consolidation followed by a significant move in the direction of the prevailing trend.
This pattern is a bullish signal, especially given Nvidia’s already strong uptrend in 2024. If Nvidia’s stock breaks above the triangle's resistance level, the technicals point to further upside. Key price targets to watch are $128 and $139
### **Support Levels: Key Breakdown Area to Watch**
Despite Nvidia’s strong bullish momentum, it’s important to consider potential downside risks, particularly in light of the stock’s history of price fluctuations. The key support levels to watch are $110 and $97, which aligns with a trendline linking the March peaks and the 200-day moving average. This area could provide a safety net if Nvidia (NASDAQ: NASDAQ:NVDA ) faces short-term selling pressure.
Conclusion
Nvidia paints a compelling picture for long-term investors. The ongoing surge in demand for AI chips, coupled with Nvidia’s strategic expansion into enterprise AI through partnerships like the one with Accenture, sets the stage for continued success.
With Nvidia’s stock forming a bullish symmetrical triangle pattern and key price targets pointing to significant upside, now may be the time for investors to ride the wave of this AI-powered growth story. However, investors should also be mindful of potential support areas in the event of short-term volatility. All in all, Nvidia (NASDAQ: NASDAQ:NVDA ) is primed for continued dominance in the AI chip market, and the stock's technicals suggest there's more room to run.
PALANTIR Sell signal at the top of the 15-month Channel Up.Palantir (PLTR) gave us a solid buy signal 3 months ago (June 24, see chart below) as it respected the recurring bottom sequences within the 15-month Channel Up:
Right now the price has been consolidating after a direct hit at the top (Higher Highs trend-line) of the Channel Up. The 1D RSI got overbought and started pulling-back on a standard Bearish Divergence, a formation which three time within this pattern turned-out to be a solid sell signal.
The dashed Channel Up gives us a short-term Target on its bottom, which is where the 1D MA50 (blue trend-line) is trading at and is the short-term Support. That is our Target currently (Target 1 = 34.50).
If and only if, we close a 1D candle below the 1D MA50, we will open a new sell, as it will be a bearish break-out signal. In that case, we will target a potential near contact with the 1D MA200 (orange trend-line), which is the long-term Support and where the remarkable buy entries of August 05 and January 31 were provided (Target 2 = 29.50).
Keep in mind that the most optimal buy entry for the long-term (since May 2023) has been given by the 1D RSI and more specifically when it hits its Support Zone. We will continue to place buy long-term buys accordingly.
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Palantir ($PLTR) | The AI Revolution's PowerhouseNYSE:PLTR
Palantir is no longer just a secretive "voodoo blackbox" company; its inclusion in the S&P 500 and its critical role in AI and data-driven government and commercial solutions have solidified its place as a dominant player in the AI software space. Known for its massive government contracts and deeply integrated AI systems like Gotham, Foundry, and Ontology, Palantir is a key asset in the ongoing AI revolution.
The AI Narrative: With AI continuing to reshape industries, Palantir sits at the intersection of AI and data integration, holding massive potential for the future. The company’s success will ride on government and commercial AI adoption, as well as the expansion of its key platforms.
The Setup: While we have scooped up initial entries between $7.50-$10 with multiple secondary entries on the way up, there will be more. This is a high conviction long-term play for the next decade. This is a top buy the dip stock.
Key Buy Zones: Any pullbacks to $30, $28, or $21.79 are optimal entry zones for long-term investors. If a government shutdown occurs, it could provide a rare buying opportunity as it would freeze spending temporarily, a catalyst that could help us get in lower before the inevitable resumption of contracts.
Long-Term Conviction: Palantir has proved that it's more than capable of scaling in the public sector and AI enterprise. This is a top-tier DCA (Dollar Cost Averaging) candidate, especially for those wanting exposure to the AI sector. We are confident that PLTR will never return to the teens again. Look to build positions on pullbacks for long-term holds.
The Targets:
$37 : Needs to break over this level to confirm continuation of strength, after which we would be looking for a retest of trend support from November 2022 ($28-$30).
$45+ : Long-term target by next year. With sustained strength in AI, the stock could exceed this.
$70 : Major long-term target.
Palantir is in a prime position to capitalize on AI’s growth trajectory. With strong AI software, deep government contracts, and powerful platforms in the commercial sector, PLTR is a multi-year hold with high upside. Investors should focus on accumulating during pullbacks, as this stock is one of the rare opportunities to ride the AI wave long-term.
C3.AI is a great buy opportunity for the rest of the year.C3.ai (AI) has been trading within a Channel Down pattern for more than 1 year (since the August 01 2023 High) and yesterday it almost hit its bottom (Lower Lows trend-line). The 1D RSI breached below the 30.00 oversold barrier, and within this 1 year, it has always been a buy signal.
However we can't rule out an extended consolidation or even a slightly Lower Low within those levels until the price recovers fully, but on the long-term and particularly until the end of the year, C3.ai presents a strong buy opportunity on the current level.
The previous two Bullish Legs topped on the 0.785 Fibonacci retracement level, so our Target is 28.50 (marginally below it).
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BROADCOM The next expansion wave to $285 has begun.Broadcom Inc. (AVGO) has already completed 2 weeks of gains that essentially recovered the majority of the July-led correction. This rebounded not only largely maintained the long-term Channel Up pattern that started on the October 2022 market bottom but also managed to keep the 1W MA50 (blue trend-line) intact.
This is an extremely bullish long-term combination as it should technically start the stocks 3rd long-term expansion wave as illustrated on today's 1W chart. As you can see the previous two peaked at +121% and +133% respectively. As a result our new long-term Target as of now is $285.00 (+121% from the recent bottom).
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C3.AI This Golden Cross is preparing something big.It's been almost 3 months since we last looked into C3.ai (AI) where (May 10, see chart below) we called for a but that easily hit its 29.00 Target:
The price rose even higher but now finds itself considerably lower (as with the rest of the market) within the long-term Channel Down. Last month though, the stock formed its first 1D Golden Cross since February 23 2023, which may be an early indication of a bullish break-out.
That early 2023 (Jan - Apr) fractal shows that after the post-1D Golden Cross peak, the correction that was completed on the 0.5 Fibonacci retracement level gave way to a strong rebound towards the 1.5 Fib extension. As a result, our medium-term Target on this is $42.00.
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AMD Skyrockets Over 9%, Nvidia Rises: What’s Driving the Surge?Overview
Advanced Micro Devices, Inc. (NASDAQ: NASDAQ:AMD ) saw its shares soar over 9% in premarket trading on Wednesday, following an impressive second-quarter earnings report that exceeded expectations. The strong performance has also positively impacted rival Nvidia (NASDAQ: NVDA), which experienced a rise in its stock price. Here’s a detailed look at what’s happening and why AMD is grabbing headlines.
Record-Breaking Q2 Performance
NASDAQ:AMD ’s second-quarter results were stellar, with revenue and earnings surpassing Wall Street's expectations. The highlight was a record surge in data center revenue, which soared to $2.8 billion, marking a 115% year-over-year increase and a 21% sequential growth. This surge was driven by high demand for AMD's Instinct, EPYC, and Ryzen processors.
CEO's Optimism
Lisa Su, AMD's CEO, expressed confidence in the company’s trajectory, stating, “Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC, and Ryzen processors.” This positive outlook has further fueled investor confidence.
Strong AI Business Growth
A significant contributor to AMD's success has been its AI business. On the earnings call, Su mentioned that leading cloud and enterprise providers expanded the availability of Instinct MI300X solutions, and quarterly revenue for MI300 exceeded $1 billion for the first time. This milestone underscores the robust demand for AMD’s AI and data center products.
Impact on Rivals and Sector-Wide Rally
The positive sentiment generated by AMD's strong quarterly results has extended to other semiconductor companies, particularly Nvidia. Nvidia shares rose 5.40% to $109.40 in premarket trading, buoyed by the anticipation of its upcoming earnings report on August 28. Qualcomm also experienced gains, as AMD’s success provided a boost to the overall sector.
Geopolitical and Sector-Wide Factors
The semiconductor sector received additional uplift from reports suggesting potentially less severe U.S. export restrictions on China. According to news sources, new U.S. chip export restrictions might exclude allies like the Netherlands, Japan, and South Korea, which alleviated some concerns in the market. This news, combined with positive earnings, contributed to the rally in semiconductor stocks.
Global Semiconductor Rally
Shares of global semiconductor firms rallied on Wednesday, boosted by the strong earnings in the sector and favorable geopolitical developments. Samsung’s shares rose significantly after a notable jump in operating profit, and ASML also saw gains following the Reuters report on U.S. export restrictions.
AMD Stock Performance
NASDAQ:AMD stock, which had been down over 6% year-to-date, climbed 9.40% to $151.45 in premarket trading. If these gains hold, NASDAQ:AMD could erase its year-to-date losses. This strong market reaction reflects the confidence investors have in AMD’s growth trajectory and its ability to capitalize on the burgeoning demand for AI and data center technologies.
Conclusion
AMD's exceptional second-quarter performance, driven by record data center revenue and robust growth in its AI business, has significantly boosted its stock price and positively impacted the broader semiconductor sector. The appointment of CEO Lisa Su and the company’s strategic focus on high-demand areas like AI and data centers have positioned NASDAQ:AMD for continued success. As the semiconductor industry navigates geopolitical challenges and market fluctuations, AMD's strong fundamentals and growth prospects make it a standout player.
BBAI may move higher from deeply oversold LONGBBAI fell on an earnings miss on Thursday, March 7th. The downtrend of 30% was a
slow flush. Penny stocks are volatile, to begin with; this one is in the hottest of subsectors.
Price is in the hard oversold area just below the first lower VWAP line on this 15-minute chart
which is acting as resistance. the RSI lines are in the 30s-40s showing the price weakness. A
predictive forecasting algo from Luxalgo suggests move up.
I will buy this weakness on the prospect things will improve. I will take a long trade with tiered
targets on the chart. partial closures of 25% , 50 and 25% respectively with the targets shown on
the chart. The stop loss is 2.00 just below the current price. The entry will be a limit order /
buy stop set for 2.5 It is selected as a POC line crossover on the volume profile.
The trade is to be managed with partial closures directed by alerts and notifications as well as
a trailing stop loss of 5% once the price gain has reached 10-15%. This minimizes effort and
screen time so that they can be spread across a wider variety of trades.
PALANTIR Still not late to BUY if you missed it.Palantir (PLTR) has been one of our best performers on our stock portfolio, with the last 3 signals since December 2023 (see charts below), being spot on:
The last one is the more recent (May 02) and as you can see, the Inverse Head and Shoulders (IH&S) pattern right at the bottom of the 1-year Channel Up is following our expected course very closely and is on its way to hit the $29.00 Target.
We see that the delivery of this new Bullish Leg is through a Bullish Megaphone seeking the lower Support cluster of the 4H MA50 (blue trend-line) - 4H MA200 (orange trend-line) - 1D MA50 (yellow trend-line). We are expecting $29 within 30 days.
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AMSC Computer medium cap beats earnings LONGAMSC on the daily chart has went 3X in 7-8 months on the strength of earnings beats and
the tailwinds of the AI supertrend. I see this as an excellent swing long trade to hold into
the next earnings in 3-4 months. AMSC is currently at its ATH and going higher means no
overhead resistance.
PALANTIR bottomed on this Inverse Head and Shoulders pattern.Palantir (PLTR) easily hit our $24.50 target last time we published a call with you here (February 06 2024, see chart below) and shortly after started to correct:
The price has now hit and rebounded on the 4H MA200 (orange trend-line), forming so far an Inverse Head and Shoulders (IH&S) pattern, which is technically a bottom formation. This is the very same pattern that was formed on both previous bottoms of the 1-year Channel Up.
On top of that, it broke and re-tested the Lower Highs trend-line, which again on both previous bottoms, it was a successful buy signal. In addition, the 1D RSI rebounded on the 1-year Support Zone.
We are currently on that exact time within the 4H MA50 (blue trend-line) and 1D MA50 (yellow trend-line). A closing above the latter, should be the final buy confirmation. Our medium-term Target is $29.00 which represents the 1.236 Fibonacci extension, which was where the November 21 2023 Higher High was priced.
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PLTR LONG on a 0.5 Fib PullbackPLTR services DOD and military contractors which is a growth industry given current geopolitical
backdrops. I see this as an opportune time to buy the dip which is a healthy correction from
a recent trend up. The idea is illustrated on this 120 minute chart with targets and stop loss.
SOUN a small cap AI stock ready for a VWAP reversal LONGSOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous
time this has occurred in the past month, price has bounced into the second or third upper
VWAP band line for a bullish momentum move. The mean VWAP is where big players like
to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will
show best entries where the trend is negative but the returns to the chop zone to climb
out of it and go positive. This indicator can function with alerts and notifications. SOUN
uses AI and voice control of it to make apps more user friendly and potent. A similiar stock
is DuoLingo ( DUOL) which also adds language translation into the functionality. Those on a
budget in their trading love the price. Those not on a budget make love the volatility and the
quick profits it can bring if traded properly.
SOUN breaks above falling wedge LONGSOUN has been falling since March 21st and in the past week in a falling wedge pattern.
It broke out above the wedge early in the 4/4 session and I opened my long trade position
soon after in three separate pieces. I have set targets based on pivots or consolidation levels
on the trend down including a standard Fibonacci retracement. The trend up will be
slow perhaps due to the general technology market recovery of the correction made for
the ambiguities of the rate cut. I am projecting a trade profit of 30-40 %.
DELL leaps out of the shadows of SMCI LONGDELL has risen and is now at its all time highs. Apparently, its server intrastructure business
this thriving. It is chasing SMCI and does not have the high valuation ratios that make
SMCI look overextended. The indicators document the up trending price action. A price
forecast algorithm has DELL rising into a high pivot on April 18th with 35% upside to that
forecasted pivot. I am adding to my DELL position here for the anticipated two week trade.
MMAT Meta Materials trying to reverse LONG.stockinvest.us
www.nasdaq.com
Yes, MMAT's target got raised 100X ( it has been in that neighborhood before)
MMAT is currently trading at one-tenth of its price mid 2023 and 98% below its all time high.
It got an upgrade of late. The 2 hr chart shows a falling wedge from which there may be an
early breakout. The breakout is a confluence of the apex of the wedge with the first lower
VWAP line of an anchor back to the summer of 2023 when price was about $20.
Given the 30% move Friday and after-hours to close out the week and the
huge upside ( potentially a fiftybagger? ), MMAT deserves a consideration of a long entry.
After the opening bell, I will look at the opening range on a 5-15 minute chart and take my
trade counting on increasing momentum sustained into a new trading week and more eyes
on MMAT. I like this stock's underdog status and the penny stock volatility that might be
harnessed to achieve great profit. In the California Gold Rush, the sellers of shovels, pans
and mining equipment made money with the miners. Chips are the new gold and MMAT
is part of the supply chain for semi-conductors. It's that simple.