AMD 'The Nice Ugly Stepsister Of Hot Bae Nvidia': Redditor Sees Stock Reaching $450 By Year End
Portfolio Pulse from Surbhi Jain
Reddit user 1ncehost predicts AMD's stock will reach $450 by year-end, citing potential for exponential revenue growth from AI accelerators and a chance to capture market share due to Nvidia's supply constraints. They highlight AMD's upcoming MI300X reviews as a key factor and anticipate a 15-20% market share in the AI accelerator market could drive AMD's stock price significantly higher. 1ncehost's prediction is based on their successful forecast of Nvidia's stock run-up last year and their current investment in AMD call options.
March 20, 2024 | 8:12 pm
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POSITIVE IMPACT
AMD's stock is predicted to reach $450 by year-end, driven by its potential in the AI accelerator market and anticipated revenue growth.
The prediction is based on AMD's potential to capitalize on the growing demand for AI accelerators and to gain market share due to Nvidia's supply constraints. The upcoming MI300X reviews are seen as a critical factor for AMD's success.
CONFIDENCE 70
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms Inc is highlighted as a major customer for AMD's AI accelerators, indicating potential revenue growth for AMD.
As a major customer for AMD's AI accelerators, Meta Platforms Inc's partnership could significantly contribute to AMD's revenue growth and market share in the AI sector.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia's supply constraints are seen as an opportunity for AMD to capture market share, potentially impacting Nvidia's dominance in the AI accelerator market.
Nvidia's supply constraints could limit its ability to meet the surging demand for AI accelerators, potentially allowing AMD to capture a significant portion of the market and impacting Nvidia's stock negatively in the short term.
CONFIDENCE 60
IMPORTANCE 75
RELEVANCE 70