$Advanced Micro Devices(AMD)$ Kind of funny to watch. People are panicking and selling hard, including after hours, even though we already know the revenue numbers and TSMC crushed those figures. Data center demand, RAM, DRAM, all of that is obviously off the charts, and every report has been confirming it. The narrative hasn't changed. China doesn't change the narrative either, since nobody in the West is going to use their chips for data center or AI infrastructure. DRAM and RAM, maybe, but that's not AMD's wheelhouse anyway.
The whole rates thing, we've known about that for a while now. We knew a second hike was coming in December, and it likely continues. But we also have the midterms, and we know a ceasefire will be happening very soon. Economically it has to. So I'd argue a ceasefire is a positive catalyst and a new narrative for oil, rates, treasuries, and so on.
It's honestly a bit ridiculous to watch Wall Street hit the sell button and panic because Michael B makes some comments about AI being overspent. What do you think happens when you build something from scratch, a city or a subway? You expect it to be profitable while you're still building it? You'd have to be an absolute idiot to follow that logic.
This will absolutely rebound hard. Maybe not $600, but it should close around $580+. Just look at the math. Greed is good, greed is right, and green will save that malfunctioning corporation called the USA.
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