AMD - 70.91
NVDA - 21.63
INTC - 12.08
For every $70 AMD is worth is produces $1 relative to INTC @ $12 for $1 net profit.
Granted, the earnings estimates for AMD in fiscal year 1 are +39% and fiscal year 2 +54% relative to their competitors who are flat. All of AMD's expected growth will not = a rising share price, its likely to remain flat for some.
The above is a more micro look at AMD, from a macro top down looking at global trade there are more headwinds than tailwinds not including the current growth slowdown. There is more risk of a surprise to AMD´s earnings on the downside than a beat.
If I take a deeper constructive look at AMD and overlay technical analysis to take advantage of the opportunity the chart is screaming $12 as a target using Elliott Wave.
My job is not to be right but to make money, I'm biased short with a soft target of $12 and should that not materialize my strategy will take me out of the trade.
Have a great day!