Yesterday AMD presented their new CPU's. All was practically in line with general expectations for a new generation of Ryzen processors (actually, somewhat better than expected, 19% better instead of 15%). At the end of their CPU presentation, they also showed a glimpse of their BigNavi card, together with some good benchmark numbers. Now their official reveal date is 28 of October, they still have time to tweak the cards some more, so I am expecting quite good results. Mostly due to FOMO, the price was pushed higher than what I had anticipated. Therefore, the pre-market price has suffered a significant drop (82 at the moment of writing). I cannot fathom AMD dropping below 79.5. I will begin buying the moment market opens, and will continue to add to my position as/if it will go lower. If nothing unexpected happens, AMD will reach 110 before Christmas. I adjusted my previous analysis due to newly available information.
How come it did not keep going to 100 plus the last time and stopped at 95 and pulled down. Looks like a head and shoulders to me and the neck line is at the 60. Be careful with this one, set your stops for sure.
huynh919
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AMD in talk buying Xilinx, but why it's dropping? I thought when a merger news, it will go up.
I just added my position yesterday at $87, so nervous right now as it's dipping.
I am newbie. Any info help. Thanks.
TonySVK85
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@huynh919, 82,5 is a pretty strong support. Watch out for it if it holds...
@huynh919, If one company is much bigger than the other company, and it's going to be an all-stock deal (likely as AMD doesn't have $30 billion cash to just buy Xilinx with), people are a bit nervous about whether the bigger company can pull off the deal and not overpay for the smaller company. There could be other reasons, but likely the market is worried they are not going to get value in the transaction here.
Lisa Su probably knows something the market doesn't know, or maybe it is just a rumor and not going to happen. If you believe either of those things not a bad opportunity to get a small discount today.