AMD coiling to $148-160 range by post-earnings
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AMD is one of the beaten down names. It's not too cheap at the current valuation but it's growth for upcoming 2-3 years are promising which deserves a higher multiple.
- 25%+ growth rate when revenue is in billions is a big deal unlike
PLTR which has high 20s % growth rate on a revenue of 250 mil a quarter.
- Technical supports strong rebound to 148-160 range to test 200 SMA. Good setup for Q1 2025.
- Downside risk is to 94-105 if it continues to meltdown.
AMD is one of the beaten down names. It's not too cheap at the current valuation but it's growth for upcoming 2-3 years are promising which deserves a higher multiple. - 25%+ growth rate when revenue is in billions is a big deal unlike
PLTR which has high 20s % growth rate on a revenue of 250 mil a quarter. - Technical supports strong rebound to 148-160 range to test 200 SMA. Good setup for Q1 2025.
- Downside risk is to 94-105 if it continues to meltdown.
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