AMD: AI Inflection Point Is Finally Here
AMDAMD(AMD) Seeking Alpha·2024-08-05 08:00
Jonathan KitchenAMD (NASDAQ:AMD) (NEOE:AMD:CA) had limped through in the early part of 2024 with AI GPU sales disappointing, hoping for big sales gains. The chip company finally appears on an accelerated path in the 2H, with chip sales reaching an inflection point in Q2. My investment thesis is ultra-Bullish on the stock, following the massive dip in the last couple of weeks from a high over $180. GPU Ramp Is Finally Here The chip company reported a slight beat for Q2'24, not exactly impressive for the  ...