Darrenseah
Darrenseah
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avatarDarrenseah
05-22 19:22
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How about Seagate ?
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Go go go hit US$1,000
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I
Right now, the market sentiment is extremely bullish after AMD’s earnings and AI guidance: * Several analysts raised targets aggressively: * Wedbush: $450 target * TD Cowen: $500 target * Wells Fargo: $505 target * Evercore ISI reportedly values AMD at $579 * AI/server demand is accelerating sharply, especially from “agentic AI” workloads. Technically though, AMD already had a massive run: * It hit around $430 resistance / 52-week high zone recently. * Some analysts are warning of near-term pullback / profit-taking after the rally. A rough view: * Base case: consolidate around $380–450 * Bull case: breakout above $430–450 and squeeze toward $500 * Bear case: cool-off back toward $350–390 first To reach $500 by May itself, AMD likely needs: 1. Continued AI euphoria in semis 2. Nvidia and SO

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