Brief overview ahead of the $AMD earningsToday's NASDAQ:AMD earnings report, due after market close, promises to be intriguing
Historically, the movement after earnings over the last 10 years has averaged around +/-10.2%
Theoretically, NASDAQ:AMD could significantly benefit from the DeepSeek news, given that AMD has integrated the advanced DeepSeek-V3 model into its Instinct MI300X GPUs. However, this development has not yet been reflected in AMD's stock price
A drop in the stock price post-earnings could set up an interesting scenario. The bullish order block between $93-$102 on Chart 1 might offer a prime entry point for a bounce-back
Over the past five years, NASDAQ:AMD 's fundamental ratios shown in Chart 2 have generally looked solid. However, the current P/S ratio of 7.7 could ideally decrease a bit for better valuation
It's also worth noting that other chip stocks like NASDAQ:ASML and $RLCX saw positive movements post-earnings last week, though this doesn't guarantee a similar outcome for NASDAQ:AMD
