AMD - The Most Beautiful Consolidation Pattern - Breakout $50+
0. As always see my other notes on AMD and analysis.
1. Consolidation continues. Today was NVDA's day. Upgrades all around:
January 13, 2020 (ARGUS)
Nvidia analyst commentary at Argus Nvidia price target raised to $300 from $240 at Argus. Argus analyst Jim Kelleher raised his price target on Nvidia to $300 and kept his Buy rating after the company's CES presentations, saying the event highlighted the company's "breadth of technological capabilities". The analyst cites Nvidia's ray tracing technology adoption in gaming and also points to its Jetson AGX Xavier computer used in the autonomous vehicle, home security, and autonomous wheelchair applications. Kelleher adds that Nvidia has passed the period of tough compares that resulted in a string of annual revenue and earnings declines.
January 13, 2020 (CRAIG HALLUM)_
Nvidia analyst commentary at Craig-Hallum Nvidia price target raised to $300 from $255 at Craig-Hallum. Craig-Hallum analyst Richard Shannon raised his price target for Nvidia to $300 from $255 as gaming trends look positive and ray-tracing GPUs are picking up "strongly," while datacenter trends are accelerating, driven by conversational AI. The analyst reiterates a Buy rating on the shares after meetings at CES and an examination of trends in data on Gaming GPUs from Steam.
January 13, 2020 (NEEDHAM)
NEEDHAM BOOSTS NVIDIA TO HOLD: Needham analyst Rajvindra Gill upgraded Nvidia (NVDA) to Hold from Underperform after his "positive" meeting with the company's management at CES. The analyst noted that his prior downgrade was based on the expectations of a "significant" global macro slowdown that would impede the purchases of graphics cards and reduced hyperscaler spending, but instead 2019 saw an "aggressive channel refill". Gill further cited positive signs of momentum in gaming as attach rates for tracing games have accelerated, while hyperscaler spending has resumed to sustain AI workloads, though he also sees Nvidia's 34-times his expected FY21 valuation as "full."
2. So people were buying NVDA today, and that company is a GPU only company really. So we will be running and breaking $50 and running to $52.50. We are up today, you can't complain about 1.2 PERCENT TODAY.
3. We are going higher.
4. The Trade Deal (Phase One) - It is better than you think, and not all priced in;
5. Earnings will be better than expected and guidance will be raised.
6. Long and Strong on AMD.
- The AMD Whisperer
1. Consolidation continues. Today was NVDA's day. Upgrades all around:
January 13, 2020 (ARGUS)
Nvidia analyst commentary at Argus Nvidia price target raised to $300 from $240 at Argus. Argus analyst Jim Kelleher raised his price target on Nvidia to $300 and kept his Buy rating after the company's CES presentations, saying the event highlighted the company's "breadth of technological capabilities". The analyst cites Nvidia's ray tracing technology adoption in gaming and also points to its Jetson AGX Xavier computer used in the autonomous vehicle, home security, and autonomous wheelchair applications. Kelleher adds that Nvidia has passed the period of tough compares that resulted in a string of annual revenue and earnings declines.
January 13, 2020 (CRAIG HALLUM)_
Nvidia analyst commentary at Craig-Hallum Nvidia price target raised to $300 from $255 at Craig-Hallum. Craig-Hallum analyst Richard Shannon raised his price target for Nvidia to $300 from $255 as gaming trends look positive and ray-tracing GPUs are picking up "strongly," while datacenter trends are accelerating, driven by conversational AI. The analyst reiterates a Buy rating on the shares after meetings at CES and an examination of trends in data on Gaming GPUs from Steam.
January 13, 2020 (NEEDHAM)
NEEDHAM BOOSTS NVIDIA TO HOLD: Needham analyst Rajvindra Gill upgraded Nvidia (NVDA) to Hold from Underperform after his "positive" meeting with the company's management at CES. The analyst noted that his prior downgrade was based on the expectations of a "significant" global macro slowdown that would impede the purchases of graphics cards and reduced hyperscaler spending, but instead 2019 saw an "aggressive channel refill". Gill further cited positive signs of momentum in gaming as attach rates for tracing games have accelerated, while hyperscaler spending has resumed to sustain AI workloads, though he also sees Nvidia's 34-times his expected FY21 valuation as "full."
2. So people were buying NVDA today, and that company is a GPU only company really. So we will be running and breaking $50 and running to $52.50. We are up today, you can't complain about 1.2 PERCENT TODAY.
3. We are going higher.
4. The Trade Deal (Phase One) - It is better than you think, and not all priced in;
5. Earnings will be better than expected and guidance will be raised.
6. Long and Strong on AMD.
- The AMD Whisperer
Trade active:
Skiing in Mont Tremblant... No time to talk...
AMD BABY!!
I AM THE AMD WHISPERER!!
AMD BABY!!
I AM THE AMD WHISPERER!!