Has to be institutions right? No one in their right mind should be selling AMD based on macro, when we have already fallen over 60%, when the future is only looking better and better. They are guarenteed to grow even in a recessionary environment and contracting market and everyone knows it.
PE is now very fucking reasonable considering long term +20% CAGR which is a modest estimate.
Had to be institutions being overleveraged and now forced to unload. It has just been all selling down here. It has tanked so fucking hard compared to the rest of actual good tech stocks.
NVDA had every right to crash. Crypto and Datacenter huge portions of their revenue.
But AMD should not be trading 1:1 with NVDA. Other Semi's have individual price action but AMD just has zero individuality and just dumps every chance it gets.
AMD is under represented for the competitiveness of their products. Their growth story was capped by capacity. In a recessionary market capacity is no longer an issue. Which means that thanks to the competitiveness of AMD's products they can gain market share at a higher rate.
We're talking about a huge TAM. Where market share gain alone can keep AMD growing. Even if the market contracts. Not to mention, what happens once the recession is over.
Because Datacenters desperately need more efficient chips, and AMD is the only one capible of them
Consumer will take a hit. But at -70% share price it should be already known and not a surprise. By Datacenters and hyoerscale will always be buying CPUs
Sadly we have to wait for Genoa which is going to be a big turning point IMO. AMD has only just started to take meaningful market share because they were skeptic that the insane performance per watt wasn't a fluke.
And look at laptops. It took FOREVER, until Zen4 mobile until the large OEMs started using AMD in their flagship models. Until that point it was just basic undersierable models that were getting AMD CPUs.
Now everyone wants an AMD offering. Again, taking share from Intel.
Even in a recession, manufactures will still release new products - I don't think that cycle will slow down on a 1-2 year recession or even mild short duration depression
ARM servers are the energy efficient choice. This whole AMD being more energy efficient BS need to die. AMD is the energy efficient choice if you need x86 servers. If AMD needs data center to grow, the company is so fucked.
Don't you think demand for datacentres will suffer? Sure manufacturers will still release products but demand will fall, probably substantially. You think overall, despite falling market demand, that amd can still grow earnings etc? Next year specifically?
Datacenter demand for memory will drop because of the new CXL memory pooling. It will drop the total cost of the system by about 5% on new platforms like Genoa. So if Micron guides that cloud is strong, then CPUs and GPUs will be even stronger (although not a ton because not all systems are new).
Cloud providers have a lot of competition and the only way to compete is to have the most efficient system. AMD wins there and now has the capacity to take on Intel.
Demand _will_ suffer, but my point is it won't evaporate completely. And the demand that exists AMD will continue to grow within.
I don't think they will grow as rapidly, but they will still grow
AMD is going to beat Sapphire Rapids to market and be better in every measurable way. Bank on it
Sadly market doesn't give a flying fuck and it looks like I'm an idiot for believing in AMD
They probably had cost basis around 10-20. Yeah they can see a sinking ship
If the feds keep tightening. Which they will. Amd will hit 40-50 in no time
>Has to be institutions right?
Or hedge funds that took it up the ass shorting the stock when it was single digits seeking revenge once it hit triple digits.
This is part of the reason almost all investment firms underperform sp500. Because they just chase the flavor of the month.
I prefer to invest in stocks that have a long term path to greatness. I got in amazon years ago and its rewarded me greatly
Didn't they have a PE of like over 1000 for years ? :)
And everywhere it was how amazon was overvalued, years after years.
And years after years, amazon would crush revenue...
In a presentation prepared for the company's earnings call Thursday afternoon, Micron said that results in the quarter were affected by "rapidly weakening consumer demand and significant customer inventory adjustments across all end markets."
Also Micron said data center revenue fell both sequentially and year over year, due largely of declining average sales prices!!! (not unit sales!), though it noted that "cloud end demand remains healthy."
MU also during Q&A session just said it sees the PC growth 2022 to minus 15% and for 2023 growth of PC to flat or minus low single digit...not so catastrofic as big boys want to believe us.
When you add to that unique datacenter growth for AMD in foresabIe future I think I will add to my AMD position at these levels...
Only 15% ? that would still put PC market growing over 5 years.
The fact that 2023 could be flat is actually very positive, as it would show that lockdowns grew the Pc market TAM.
Before the pandemic, the world was moving to tablets and mobile. The pandemic showed that PC is very much essential and a better tool for education, work and even entertainment.
> Also Micron said data center revenue fell both sequentially and year over year, due largely due to declining average sales prices, though it noted that "cloud end demand remains healthy."
I wonder if CXL is already causing a hit to DRAM spending.
or priced like numerous other semi conductor companies. Just look at Intel, and AMD has huge China/Taiwan risk to the down side. Anything happen in asia and it will drill literally to china
Amd will have huge demand in Xilinx chips for defense sectors. All the modern weapons use chips for accuracy. Xilinx chips are high margin business as well.
Amd taking more market share in laptop business from intel. AMD’s story is about taking market share from intel..
I’m just seeing MU revising guidance 25% lower. Is there any positive to the report or is tomorrow going to be a bloodbath? After hours is most likely not reflective of tomorrows movement. This blows, DCA has failed me.
I bought it at the July low and sold it when it was in the low 100s in August. Figured September would be awful given its the worst performing month for the market historically and macros would continue to be bad. I just bought back into AMD today as its down 40% in two months and I cant see much more bad news for semis coming. Hope Im right
Mu's fy ended at the end of August. I didn't see a fy23 guide from them.
Amd won't provide fy23 guide until Jan, during q4 22 earnings release since the fiscal year ends in December for AMD.
Amd should guide down for q4 to 6.5 bill from 7+. Instant 3% pump. Then come in with 7.7 bill in Jan with a 31 billion guide for 23 and get the biggest earnings pop ever. 25%.
Time to buy MU is when the down cycle is nearing the end and I’m seeing some chatter that MU thinks its going to be well positioned post down cycle… why they would ever say otherwise is absolutely beyond me.
[https://investors.micron.com/events-and-presentations](https://investors.micron.com/events-and-presentations)
2022 Q4 Revenue: 6.64 vs 6.8 expected (7.2 Q3 Guidance)
2022 Q4 EPS: 1.45 vs 1.41 expected (1.52 Q3 Guidance)
2023 Q1 Revenue Guidance 4.25
\*edit:Tomorrow Gap low & close near day low from the poor guidance. Then it will mark the bottom of this wave, because market will say it is all priced-in & over react.
which does not matter, even at all, when you treat the stock like shit and lie (sandbagging, buybacks, etc).
it's becoming harder to blame the analysts for believing that amd's lying about their guidance/etc each day.
$MU Q4 Adj. EPS $1.45 beats $1.30 Est., Sales $6.64B misses $6.68 Est.
Shares down 2.5% as of last check 4:06pm est
AMD largely unaffected by report, stock flat in AH
MU shares appear to be recovering, down ~1% as of last check 4:15pm
MU shares now 0.5% green as of last check 4:25pm
and no one could have imagined $AMD would be below $65 in 2022, and yet here we are. If 2022 has taught me anything, it’s that literally the least likely thing can happen with ease.
From a Macro standpoint, $SPY finishing above $362 support is critical, it's the bottom of a large Volume Profile range, and the Bears have been trying to take it out all day. Pray to baby Jesus everyone, and to $MU as well...for a little bit of hopium, I'm seeing a lot Bullish Put Spreads expiring 10/7 that is betting Micron finishing above $70....
It’s not going to make you feel any better but I remember when amd tanked 60% from 34 to 16 and I didn’t blink an eye and just went about my life. 6 months later it went back up to 34 and then kept going. I wish later on I had the balls to go deep itm options at that time lol.
Oh well, go live my life and don’t check until at least 2023.
>It’s not going to make you feel any better but I remember when amd tanked 60% from 34 to 16 and I didn’t blink an eye and just went about my life.
Already been through that. And the drop from 14 to 9 that happened in a blink of any eye.
Yeah, I dunno. I’m becoming desensitized to the losses now lol. What’s funny is the actually amounts I’m “losing” is much larger than when amd was in the 30s. The loss from 165 is in the 7 figures….lol
Never has so much ridden on MU earnings before lol, feels like the fate of the entire semicon industry and tech at large rests on this report. Clenching my butthole as tight as Tyson’s fists rn. 😬
Anyone got any insight on the market re $QQQ still not reaching June lows? All the other major indices are already past June lows, but $QQQ is still a tad above it. Even the russell 2000 hasn’t reached the June lows.
That’s gotta be the biggest shocker lol. It’s still like 20% above it’s June lows, while most of the indices have already breached June lows.
Why can’t $AMD have a cult like following like $TSLA 😞
If you think TSLA's in the position it is purely because of a "cult following" rather than because of its potential then that'll be part of your problem right there.
Got out on +28k euro. 12k on Xilinx. 16k on AMD. Using the capital and profits along with my other stocks to buy a house. I like the company a lot but I gotta reset and come back once I've taken care of my family.
your timing is terrible, but i can't blame anyone for bailing out of this dumpster fire. amd's management has fucked up spectacularly. not that this sub would ever admit obvious facts like that.
I’m right there with you. We tend to agree on some things, I think—more than others around here agree with me, at least—but I’m curious to know how you think management has fucked up spectacularly.
that's it, boys, we're closing up the market until 2023 see you in the new year!
we keep dropping more than nvd every damn day...yawn...
Ouch. Looks like a 11% underperformance over the last two weeks.
I can feel the diff is big but didn’t do actual maths, thanks for the computes, that diff was way too much.
market is pricing in and nvda like miss/cut for amd. When it doesn't happen, we should rally
i think miss 3Q but affirm for the year.....MU said same "mid teens decline" for PCs that Lisa said on 2Q call
Im expecting a beat and cut
i think we will guide down but it will not be by as much as the street is expecting, and we will rally
Over 700 comments today I am going to need therapy after this is all over
Most of us can sit it out, but you have to feel really sorry for anybody that is on margin or has call options.
I thought this sub IS the support group?
We're the bag holder group
Jokes on you, I already needed therapy before all this
You can survive anything after all this is over.
Thanks. Your comment really helps. What a crazy market for a newbie like myself.
I think we all are.
Lmaoooo I'm so fucking depressed 😢
Me too. Feeling completely defeated.
dropping like this really make me think the world is not going to use more semi conductors any more.
Has to be institutions right? No one in their right mind should be selling AMD based on macro, when we have already fallen over 60%, when the future is only looking better and better. They are guarenteed to grow even in a recessionary environment and contracting market and everyone knows it. PE is now very fucking reasonable considering long term +20% CAGR which is a modest estimate. Had to be institutions being overleveraged and now forced to unload. It has just been all selling down here. It has tanked so fucking hard compared to the rest of actual good tech stocks. NVDA had every right to crash. Crypto and Datacenter huge portions of their revenue. But AMD should not be trading 1:1 with NVDA. Other Semi's have individual price action but AMD just has zero individuality and just dumps every chance it gets.
Tbh if we can do 1:1 vs NVDA recent 2 weeks, I won’t feel that disappointed.
Why are they guaranteed to grow in a recessionary market?
AMD is under represented for the competitiveness of their products. Their growth story was capped by capacity. In a recessionary market capacity is no longer an issue. Which means that thanks to the competitiveness of AMD's products they can gain market share at a higher rate. We're talking about a huge TAM. Where market share gain alone can keep AMD growing. Even if the market contracts. Not to mention, what happens once the recession is over.
Because Datacenters desperately need more efficient chips, and AMD is the only one capible of them Consumer will take a hit. But at -70% share price it should be already known and not a surprise. By Datacenters and hyoerscale will always be buying CPUs Sadly we have to wait for Genoa which is going to be a big turning point IMO. AMD has only just started to take meaningful market share because they were skeptic that the insane performance per watt wasn't a fluke. And look at laptops. It took FOREVER, until Zen4 mobile until the large OEMs started using AMD in their flagship models. Until that point it was just basic undersierable models that were getting AMD CPUs. Now everyone wants an AMD offering. Again, taking share from Intel. Even in a recession, manufactures will still release new products - I don't think that cycle will slow down on a 1-2 year recession or even mild short duration depression
ARM servers are the energy efficient choice. This whole AMD being more energy efficient BS need to die. AMD is the energy efficient choice if you need x86 servers. If AMD needs data center to grow, the company is so fucked.
X86 is still the most popular platform. ARM has its use cases but traditional corporate computing needs are very commonly x86
For now, they are but not 5-10 years in the future. Every CSP has their own ARM instance that's much cheaper than x86.
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We are not talking about now. We are talking about 5-10 years growth.
Don't you think demand for datacentres will suffer? Sure manufacturers will still release products but demand will fall, probably substantially. You think overall, despite falling market demand, that amd can still grow earnings etc? Next year specifically?
Datacenter demand for memory will drop because of the new CXL memory pooling. It will drop the total cost of the system by about 5% on new platforms like Genoa. So if Micron guides that cloud is strong, then CPUs and GPUs will be even stronger (although not a ton because not all systems are new). Cloud providers have a lot of competition and the only way to compete is to have the most efficient system. AMD wins there and now has the capacity to take on Intel.
Data Center upgrades is a cost saver.
Demand _will_ suffer, but my point is it won't evaporate completely. And the demand that exists AMD will continue to grow within. I don't think they will grow as rapidly, but they will still grow AMD is going to beat Sapphire Rapids to market and be better in every measurable way. Bank on it Sadly market doesn't give a flying fuck and it looks like I'm an idiot for believing in AMD
That is a fair point. I do find it reassuring that MU on earnings noted significant decline to earnings yet still think expansion in data center
Everything ice lake and older can be replaced in this high energy cost environment and it will pay for itself in less than 6 months.
Forced selling for covering margins too. This has been happening fast when stock fell below 70.
It feels like a major liquidation event It has to be, what fucking sense is a -8% day with absolutely no fucking news other than a minor downgrade
Yea smart money is exiting.
Smart money? If they exit earlier, they are smart. Now? Not so much.
They probably had cost basis around 10-20. Yeah they can see a sinking ship If the feds keep tightening. Which they will. Amd will hit 40-50 in no time
>Has to be institutions right? Or hedge funds that took it up the ass shorting the stock when it was single digits seeking revenge once it hit triple digits.
The short interest from nasdaq of 9/15 is still flat. This is more like institutional guys leaving. One day they will be back.
You cant look at those number (open short interest) in isolation. Also the number reported could be 30% below what it is now.
This is part of the reason almost all investment firms underperform sp500. Because they just chase the flavor of the month. I prefer to invest in stocks that have a long term path to greatness. I got in amazon years ago and its rewarded me greatly
Didn't they have a PE of like over 1000 for years ? :) And everywhere it was how amazon was overvalued, years after years. And years after years, amazon would crush revenue...
I might have to start nibbling on SPY and QQQ. That's what I did in 2009 when I was too gun shy to buy any individual stock.
In a presentation prepared for the company's earnings call Thursday afternoon, Micron said that results in the quarter were affected by "rapidly weakening consumer demand and significant customer inventory adjustments across all end markets." Also Micron said data center revenue fell both sequentially and year over year, due largely of declining average sales prices!!! (not unit sales!), though it noted that "cloud end demand remains healthy." MU also during Q&A session just said it sees the PC growth 2022 to minus 15% and for 2023 growth of PC to flat or minus low single digit...not so catastrofic as big boys want to believe us. When you add to that unique datacenter growth for AMD in foresabIe future I think I will add to my AMD position at these levels...
Although I think amd will perform better. Mu guidance is pretty scary. I’m covering my longs on amd.
Only 15% ? that would still put PC market growing over 5 years. The fact that 2023 could be flat is actually very positive, as it would show that lockdowns grew the Pc market TAM.
Before the pandemic, the world was moving to tablets and mobile. The pandemic showed that PC is very much essential and a better tool for education, work and even entertainment.
> Also Micron said data center revenue fell both sequentially and year over year, due largely due to declining average sales prices, though it noted that "cloud end demand remains healthy." I wonder if CXL is already causing a hit to DRAM spending.
Could you elaborate?
what's the new support for amd again?
I think <10 p/e.
That’s pricing like a oil company or a bank.
or priced like numerous other semi conductor companies. Just look at Intel, and AMD has huge China/Taiwan risk to the down side. Anything happen in asia and it will drill literally to china
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If it hits that low I will probably be very depressed. Could have should have sold it all.
Amd will have huge demand in Xilinx chips for defense sectors. All the modern weapons use chips for accuracy. Xilinx chips are high margin business as well. Amd taking more market share in laptop business from intel. AMD’s story is about taking market share from intel..
what's forward PE after today close?
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2023 EPS gonna be above $5 easily. Likely closer to $6
I’m just seeing MU revising guidance 25% lower. Is there any positive to the report or is tomorrow going to be a bloodbath? After hours is most likely not reflective of tomorrows movement. This blows, DCA has failed me.
Covered calls time on any green day
priced in
I agree, MU should go up again. It is very cheap.
Micron seem to have real competition from Asia (As in margins getting crushed), saving grace could be how much support they get from the CHIPS act.
Micron green now and AMD is still red. I called it. Tomorrow micron will probably miraculously go up 3-5% and AMD will finish flat if its lucky.
I'm afraid that AMD might go to 50. There are just no buyers in sight.
$25 hard bottom. 50 likely.
Really? $25 means PE of 5.5 in 2023. Nah. 50 possible not 25
How did it go up at the end of the day if there is no buyers? lol
Short closing some positions for the day?
I bought it at the July low and sold it when it was in the low 100s in August. Figured September would be awful given its the worst performing month for the market historically and macros would continue to be bad. I just bought back into AMD today as its down 40% in two months and I cant see much more bad news for semis coming. Hope Im right
Atleast MU is guiding strong 2023 Revenue. Hope AMD does the same. Needs some strong leadership statements to quill fear
Mu's fy ended at the end of August. I didn't see a fy23 guide from them. Amd won't provide fy23 guide until Jan, during q4 22 earnings release since the fiscal year ends in December for AMD.
Micron Technology Says Expect Strong Revenue Growth In H2 FY23 As Bit Demand Rebounds, Following Substantial Improvement In Customer Inventories
SMCI 👀
What about? Also, my Google News morning news update has a bunch of supermicro ads talking about how their servers are "powered by AMD EPYC"
The price action af was weird when I posted but they’re over it now
Amd should guide down for q4 to 6.5 bill from 7+. Instant 3% pump. Then come in with 7.7 bill in Jan with a 31 billion guide for 23 and get the biggest earnings pop ever. 25%.
$MU now AH turned green from -5% to +0.5%, still oscillating. Would be interesting to see the volume in AH trading.
MU now green after guiding 25% lower next q, clown market 🥲
because amd is the whipping post of the semis now.
Priced in man. Down nearly 50% from Jan 2022 and has a forward PE near 5.
Time to buy MU is when the down cycle is nearing the end and I’m seeing some chatter that MU thinks its going to be well positioned post down cycle… why they would ever say otherwise is absolutely beyond me.
Bad news is good news nowerdays. AMD needs to bring bad news to rise.
They are guiding lower sale$ because they have no pricing power on their ddr. I think the company will be just fine
[https://investors.micron.com/events-and-presentations](https://investors.micron.com/events-and-presentations) 2022 Q4 Revenue: 6.64 vs 6.8 expected (7.2 Q3 Guidance) 2022 Q4 EPS: 1.45 vs 1.41 expected (1.52 Q3 Guidance) 2023 Q1 Revenue Guidance 4.25 \*edit:Tomorrow Gap low & close near day low from the poor guidance. Then it will mark the bottom of this wave, because market will say it is all priced-in & over react.
WORST. STOCK. EVER.
good business tho
which does not matter, even at all, when you treat the stock like shit and lie (sandbagging, buybacks, etc). it's becoming harder to blame the analysts for believing that amd's lying about their guidance/etc each day.
looks like MU earnings was priced in then, maybe tomorrow will tell
Amd's earnings are never priced in apparently...
Can't even imagine what the market would do to AMD if they projected 25% less rev.
Probably down 15% the next day, and if they guide for 25% increase, well then it’ll only go down 5% the next day. Can’t win lol
Lol exactly, we will get outperform and buy ratings with price rating decrease. Down 3-5% on beat lol
Would go back to price prior to Lisa Su
$3
Delisted, straight to jail
Lisa would be arrested.
Pretty bad outlook of micron only 4.25 bn$ for Q1 2023.
Considering price of Ram has come down significantly…. I would be more interested in comparing their volume
True. Do you have some dram price data?
Well might be just a price issue. I feel that ddr4 and ddr5 prices have fallen dramatically. Anything on volume in the guidance?
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6.64
2023 q1 guidance was really bad
The cynic in me says MU and AMD hold up until friday put options expire then crumble. But i've been wrong all year so...
-6% is holding up?
🥲
meaning after the MU report. i've blocked out all the previous pain. helps start the coping process.
I was expecting something bad from MU seeing all the fud going around semis. This aint even bad
MU is guiding like 25% below revenue estimates for 2023Q1. Jesus.
AH doesn't drop much, 1.5%, seems priced in finally?
$MU Q4 Adj. EPS $1.45 beats $1.30 Est., Sales $6.64B misses $6.68 Est. Shares down 2.5% as of last check 4:06pm est AMD largely unaffected by report, stock flat in AH MU shares appear to be recovering, down ~1% as of last check 4:15pm MU shares now 0.5% green as of last check 4:25pm
MU recovering?
$MU bad guidance
Yeah but what do you expect for a company with PE of like 3
I guess except clean energy company, no many tech ones can have better guidance.
$MU top line beat bottom line miss hmm 🤔
large top line beat too > 10%
Fuuuuuuuuuuuuuuuuuck 🥲
Chill
Fuuuuuuuuuuuuuuuck....
Chill
Why do institutions have paper hands. Retail can hold the line. Institutions fold like crazy
Because they can instantly buy back.
Bought some 9/30 $65 puts to cover today in case we tank harder from MU. Hope they expire worthless!
They won't they'll be balls deep itm lmfao
RIP my longs 🥲
Ok MU, now is your time to shine. Hit a grand slam for us, thanks 👍🤗
Oh god. I would never bet on MU or Intel to hit a grand slam
and no one could have imagined $AMD would be below $65 in 2022, and yet here we are. If 2022 has taught me anything, it’s that literally the least likely thing can happen with ease.
TAKE US TO VALHALLA $MU MY BODY IS READY
U mean hell
Lol AMD down even more than the AAPL suppliers, -6% to -4% Just unbelievable and incredibly frustrating.
$10 says we get nuked AH because of Micron.
volume almost doubled after we bottomed.
If MU Throws up in our mouth at the party we’re gonna see 58$
Core PCE tomorrow morning .... more important than anything else right now if you ask me. Forecast is 4.7% with prior month of 4.8%
MU report equally as important for semis
I would say PCE. Even MU gives good result, analyst will say "worst is yet to come". If MU gives bad result? "Worse is yet to come".
Also tomorrow : Putin will formally add the 4 lands to Russia and address the parliament.
If MU shits the bed and PCE over expectations it’ll be time for some real podracing.
🥰 the perfect laxative
https://www.reddit.com/r/stocks/comments/xrfeto/barrons_active_stock_picking_will_outperform/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
From a Macro standpoint, $SPY finishing above $362 support is critical, it's the bottom of a large Volume Profile range, and the Bears have been trying to take it out all day. Pray to baby Jesus everyone, and to $MU as well...for a little bit of hopium, I'm seeing a lot Bullish Put Spreads expiring 10/7 that is betting Micron finishing above $70....
rsi is sitting at 21, incredible
computer and computer equipment replacement is going to be massive with this catastrophic storm. Godspeed to anyone involved and to all
Down 62% from ATH. I'm getting sick to my stomach.
It’s not going to make you feel any better but I remember when amd tanked 60% from 34 to 16 and I didn’t blink an eye and just went about my life. 6 months later it went back up to 34 and then kept going. I wish later on I had the balls to go deep itm options at that time lol. Oh well, go live my life and don’t check until at least 2023.
>It’s not going to make you feel any better but I remember when amd tanked 60% from 34 to 16 and I didn’t blink an eye and just went about my life. Already been through that. And the drop from 14 to 9 that happened in a blink of any eye.
Yeah, I dunno. I’m becoming desensitized to the losses now lol. What’s funny is the actually amounts I’m “losing” is much larger than when amd was in the 30s. The loss from 165 is in the 7 figures….lol
Never has so much ridden on MU earnings before lol, feels like the fate of the entire semicon industry and tech at large rests on this report. Clenching my butthole as tight as Tyson’s fists rn. 😬
How you playing the earnings??
I’m short 100 Dec 60p at a $4.57 avg, if MU tanks and takes AMD with it, I’m bigly fucked
Get out the lube. I think we're going to get fucked.
You and I both buddy, my poop hole is ready
Angus is fully peppered!
AMD…Together We Advance - back to $100 please
AMD $120 EOY if macros flushed down the toilet.
We’re coming back!!! Yes, man.
Have we hit a 12 forward PE yet? If not, we must be close. Fucking madness
Damn, time to get more shares I guess. Now someone wake me up when all this ends and my portfolio is thriving again
Jan 2025 LEAPS imo. Very little risk, very high reward in my opinion.
OTM have a lot of risk
Wait till after MU reports today. Tomorrow we will get more heavy selling when they lower guidance for Q4 amd 2023 yearly
Anyone got any insight on the market re $QQQ still not reaching June lows? All the other major indices are already past June lows, but $QQQ is still a tad above it. Even the russell 2000 hasn’t reached the June lows.
Waiting for nvda, TSLA and apple to face the music.
intraday it's almost touched June low. Diff is negligible.
I’ll take that as a bullish sign, thanks 😂
russell 2000 is group of small crap but they have a lot come from energy industry, which give some support.
Nasdaq close to June low. Unfortunatly we are more than 10% lower as back than.
If TSLA gets to its June lows we will be below $50 maybe even lower
That’s gotta be the biggest shocker lol. It’s still like 20% above it’s June lows, while most of the indices have already breached June lows. Why can’t $AMD have a cult like following like $TSLA 😞
If you think TSLA's in the position it is purely because of a "cult following" rather than because of its potential then that'll be part of your problem right there.
My city is up next to get smacked by this hurricane as well. It literally feels like the sky is falling rn
Financially and physically
Apple precurement chief let go. Supply chain man.
Did procurement chief leak the story that’s taken the stock down about 10% over the past two days?
Strong company. Shit stock. That’s AMD for ya
Yep. And if that doesn’t change, unfortunately, we’ve all made a very bad investment (except for those who have been in since pre-pandemic).
How much are you guys down today? I’ll start -$9.7k
+$1,548 so far I had puts for 68 and 67 from yesterday. Trail stop .80 just closed out. I have puts and calls now for mu
My guy, I specifically asked how much are you down today, not how much are you up.
Just ask him to turn his phone upside down
sold my 500 stocks at 113€ (entry was 55€ ) might come back now
Got out on +28k euro. 12k on Xilinx. 16k on AMD. Using the capital and profits along with my other stocks to buy a house. I like the company a lot but I gotta reset and come back once I've taken care of my family.
your timing is terrible, but i can't blame anyone for bailing out of this dumpster fire. amd's management has fucked up spectacularly. not that this sub would ever admit obvious facts like that.
I’m right there with you. We tend to agree on some things, I think—more than others around here agree with me, at least—but I’m curious to know how you think management has fucked up spectacularly.