AMD — All updates

AMD, here we go again . Look at this movement in AMD stock today in the public account . wow. Now, $1.1 million in profits. $1.1 million in profits in the general account only from my position in AMD stock.

Here we are again . The stock has started to take off, hasn't it?

That's what AMD stock always does. It remains dormant for a while, then suddenly begins to achieve a crazy rise. And we have started it again at this moment.

Again, a killer play doing lots of very exciting stuff in the AI world. AMD, and I talked about this Range Rider box for weeks now. It's still in it, and it falls down. It did reach it here back in July, but for now, what do we have?

May, June, July, August, September. Nearly five months in this box. It's just not going anywhere, but it's staying in the middle. And this is a very, very powerful company. Tons of demand for their custom chips and TPUs from places like Google.

Um AMD looks better. We can go back to that.

Um, you want you said AMD. So, so Joe, who's been around for a long time, says AMD looks better than than Nvidia. It has acted better. You know, look at that. It kind of came back, retested the gap area, filled it a little bit, and now it's trying to build a bit of a bull flag here.

Yeah, this this this is acting better. This gap is gone. You could be long AMD verse here.

The second stock I want to take a closer look at is AMD.

A second company that I believe can benefit from this is AMD, right? AMD and meta two have a very very strong partnership. Uh back in February, and they kind of extended a little bit more in July.

AMD is using it Meta's going to be using AMD to design special MI450 chips. It's going to use them for a lot of CPU solutions. It's going to use them for a lot of full stack server solution as well.

All right, the second company is one that you wanted to talk about. That is AMD. You look at AMD, it is a direct competitor here, and it only has 41 billion in trailing 12-month revenue.

So, any market share that it could take from Nvidia would be hugely consequential to the growth of this business.

Because you're looking at the biggest stock in the public account, AMD, [clears throat] not doing so well, right? Well, we got so many stocks picking up the slack on a day like today when AMD is really weak.

Right. So, we have a lot of stocks really picking up the slack on a day that AMD is down and then it seems like on days when AMD is doing well. Uh, it's just like, you know, the other it just way outweighs everything else.

One of the places that it seems like you may see opportunity is AMD. That one's getting hit in the pre-market. It's down right now about 5%. So, it's kind of getting swept up in in this pressure that we're seeing um on the chips.

Um do you think it's still best positioned to handle or to excel in this AI buildout?

I was wrong on Netflix, but I was right on Nvidia, AMD, Microsoft, Meta, Shopify, Palunteer twice, Google, Robin Hood, Take Two on one of the positions I didn't do well on.

Let's go over AMD as well as Palunteer because these were two of my um interesting and more successful plays.

AMD is 22% below.

AMD is a whopping 117.

So compare that to AMD at 117. Totally different businesses, but you know 26 seems a lot better. AMD at 117, we'll talk about why it's that high later on when I cover AMD.

So, the next stock is AMD's with a PE ratio of 117. Now, guys, 117 is crazy and people are saying AMD is overpriced. I strongly disagree. I think in 2026 AMD can be $500 to $600 per share.

I think it's actually really cheap. I think it's undervalued. Uh in my opinion, currently it's undervalued by 15 to 20% in the shorter term. So I wouldn't be surprised to see AMD at around $550 per share in October, November, or December of 2026.

Hey, maybe even happens later on in um this month of September.

AMD up 13% this week, if you can believe that. Now, the buy signal on AMD actually came on Thursday, September 10th. So, in the midst of this up move right here, AMD has locked in that fresh buy signal.

But, we got some overhead resistance to talk about, right? We have some actually pretty enormous uh overhead order blocks right here. Now, what do these order blocks represent?

They represent areas of trapped buyers and trapped sellers, and they are going to sell out as fast as they possibly can onto you.

So like we have we're overweight AMD. Well, the VSS on that stock are like close to 90%. We have a valuation on AMD. We're bullish on it. It's about 650, but you can write 700 calls of very low deltas, so very low probability of them being exercised, but let's say that AMD reports and takes off like a rocket.

Well, we're prepared to sell it there. We have a huge gain in it. It's close to our target, so it might run over a target, but it's it's arguably overvalued there. And then we just deliver the stock into the call and book a huge gain on the stock.

All right. And I see here also uh that you're looking at AMD right now. And I read an interesting note from Piper Sandler this morning that they think AMD is about to enter its biggest growth phase yet, which would be incredible based on the growth that we've seen uh coming out of this name.

I mean, just looking at its price action year to date, we're up 137%. Last 52 weeks, we're up 219%. So, how are you looking at AMD right now?

This morning in the alpha report, we were a little bearish on AMD. Uh mostly because it just like once it seems like every time it gets to 520, it just tanks after that. Uh that's just been a little history we found with AMD.

But it's it's a fun play, you know, 452 to 520. It's like perfect. Look at that. That's what we called last Friday. Last Friday over here. Like, oh, this could go 420. This could go up to or from 452 to 520.

Yeah. On on some of the hardware news we were seeing last week. And so, if you're watching this trade, that's something to watch.

Cathie Wood grows Robinhood stake and sheds more AMD and Palantir.

Like maybe that something else is AMD. Um because you know who you can buy AMD from? Cathie Wood. She's selling it. She sheds AMD. I'll take the other side of that trade. Thank you very much, ma'am.

AMD, this one's a lot of chatter about this one in the community. Um AMD and Broadcom, I think, are huge for the future. And here, I did say bullish last week, bullish at the bottom.

And let me zoom in. I have my little I got two AMD charts here because I do want to share this one. This one first is my trading box, the trading range which is between uh 457 and 580.

Again, you see this thing around 455 457. You can just close your eyes and buy it. It'll be fine.

Next up, a very similar chart, guys. We've got AMD. Now, AMD has broken out from this near-term trend line. Now, this isn't the high pivot, which is illustrated from this second trend line that I'm highlighting right now above current price right at 52796.

So, you can see price over the last four trading days nearly straight up, gapping over this first uh declining trend line for a breakout, not even retracing, and then just running straight up and kissing the resistance level today.

Sure, no problem. I like it, Ken. AMD next level 530. I'll take it. I will take it.

He's mentioning AMD. AMD had a good day yesterday. A little bit of continuation here today.