After exploding higher, Advanced Micro Devices (AMD) is still red hot.
Analysts at Barclays just raised their AMD price target to $200 from $120, noting AMD could see $4 billion in AI chip sales this year. The firm also cited strong demand for AMD’s MI300 chip for servers. KeyBanc analysts also increased their price target for AMD to $195 thanks to strong demand.
Over the last few days, AMD was upgraded to a buy rating at Melius Research, which has a $188 price target on AMD. “AMD could have huge ramps for AI equipment later in 2024 and especially in 2025 – and we see meaningful upside to consensus,” Melius analysts wrote.
And, as quoted by Investing.com, the firm added, “Generative AI is poised to deliver its ‘Halo Effect’ on IT spending, starting in 2024. If 2023 was the year of getting ready or ‘training’ large language models, then 2024 should be the year where production or ‘inferencing’ starts to kick in (more assistants and voice prompts help).”
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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