Consolidating at $159, Advanced Micro Devices (SYM: AMD) could break significantly higher.
For one, the artificial intelligence story is still heating up. Two, demand for AMD chips is only expected to gain momentum. In fact, according to AMD’s CEO, the company expects to see about $4 billion in AI chip sales, an increase of $500 million from prior estimates. Three, analysts at Edward Jones just initiated a buy rating on AMD.
Even better, according to analysts at Citi, AMD could take 10% of the data center GPU market after updating its AI GPU roadmap to better compete with Nvidia.
“We believe AMD is using an annual product cadence to keep pace with Nvidia, and we still expect AMD to get 10% share of the data center GPU market or roughly $15.0 billion,” Citi added, as noted by Seeking Alpha. The firm also reiterated its Buy rating and $176 price target.
![🧐 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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