Stock token recommendation: #AMD $AMD
Recently, although there has been a pullback following tech stocks, I believe it's more of a correction within a bullish trend rather than a sign of weakening fundamentals.
From a fundamental perspective, AMD's latest quarterly earnings report remains stellar, with Q1 revenue hitting $10.3 billion, up 38% year-over-year. The data center business continues to grow at a rapid pace, and the company has provided better-than-expected guidance for Q2, indicating that demand for AI infrastructure remains strong, with enterprises not cooling off on their purchases of AI GPUs and server chips.
On the technical side, the daily chart still maintains a medium to long-term bullish structure, currently just testing moving averages and consolidating, without breaking crucial support. As long as it can re-establish above recent resistance levels, there is still a chance for a new short-term rally.
Tonight, the biggest variable in the market is the U.S. core PCE data. If the inflation figures come in below or in line with market expectations, it will help improve the market's outlook on Fed policy, and risk appetite for tech stocks may rise, giving AMD a chance for a technical bounce; however, if the data exceeds expectations, the market may reassess high interest rate expectations, and we should stay alert for increased volatility in the short term.
My trading strategy remains unchanged:
The medium to long-term AI growth logic for AMD has not altered; I do not recommend chasing highs in the short term. Patience is key—wait for the PCE report to clarify market direction before looking for pullback stabilization or breakout confirmation entry points, which will be more advantageous than preemptively betting on the data.
Recently, although there has been a pullback following tech stocks, I believe it's more of a correction within a bullish trend rather than a sign of weakening fundamentals.
From a fundamental perspective, AMD's latest quarterly earnings report remains stellar, with Q1 revenue hitting $10.3 billion, up 38% year-over-year. The data center business continues to grow at a rapid pace, and the company has provided better-than-expected guidance for Q2, indicating that demand for AI infrastructure remains strong, with enterprises not cooling off on their purchases of AI GPUs and server chips.
On the technical side, the daily chart still maintains a medium to long-term bullish structure, currently just testing moving averages and consolidating, without breaking crucial support. As long as it can re-establish above recent resistance levels, there is still a chance for a new short-term rally.
Tonight, the biggest variable in the market is the U.S. core PCE data. If the inflation figures come in below or in line with market expectations, it will help improve the market's outlook on Fed policy, and risk appetite for tech stocks may rise, giving AMD a chance for a technical bounce; however, if the data exceeds expectations, the market may reassess high interest rate expectations, and we should stay alert for increased volatility in the short term.
My trading strategy remains unchanged:
The medium to long-term AI growth logic for AMD has not altered; I do not recommend chasing highs in the short term. Patience is key—wait for the PCE report to clarify market direction before looking for pullback stabilization or breakout confirmation entry points, which will be more advantageous than preemptively betting on the data.