AMD
Advanced Micro Devices Inc.
stock NASDAQ

Didn't see anything on SPY, DJIA, NASD, or the other classic big tech like MSFT, AAPL, META, GOOG, or the AI/chip plays like NVID, AMD, etc, or the bank stocks. There might have been others that had similar volume pop between 3:47 and 3:50, idk how to analyze every ticker tho lol

AMD 140 tomorrow?

They're competing very handsomely at the midrange. No, they don't have a 4090 level competitor. Neither does AMD. But Intel is definitely proving that they *can* compete. I expect to see much stronger showings from them with their B and C series GPUs.

At this point it's not even about fixing ROCm.
There are multiple independent projects which bypass both ROCm and CUDA. They interface directly with the nv-ptx (Nvidia GPUs) and amd-llvm compilers (AMD GPUs).
Reason is as AI models evolve, they become more and more I/O bound. And instead of relying on low level Vendor optimizations (contained in CUDA libraries) these framework designers want those optimizations to be higher up the stack.
Pytorch developers have moved to the graph paradigm because it lets them recognize areas of optimization sooner, which produces more optimized solutions. For example, pytorch has more context which can let it determine which kernels to fuse, to minimize I/O than some low level library can.
For instance checkout OpenAI's Triton https://openai.com/research/triton
It completely bypasses CUDA. And PyTorch 2.0 has a Triton back end. Triton currently only supports Nvidia hardware, but their github repo states AMD support is on the way.
So it is frameworks (of which Pytorch is the most popular one) that are ditching CUDA. And they are doing it because they can get more performance out of the GPUs doing their own domain specific optimizations themselves. Not being locked into the Nvidia hardware is a nice bonus.

Yeah they are not fun trade for sure . I take profits at 10% in this market . I lost 5 grand on AMD. Then I lost a bit more trying to get my money back . TLT is super safe, but only good if do enough contracts.
I don’t condors anywhere else. Buts its the nature of this market. I’m trading like I have a rope around my neck .

I had a recent similar experience with AT&T. I lost about $200 before finally bailed on it.
5-10 years? It's hard to say. AMD is gaining marketshare in servers, though Intel is still the better cpu, I think, for individual systems. But their foray into GPUs has failed pretty hard.
You want something almost guaranteed to be worth more in 5-10 years? An S&P 500 ETF like good old VOO is the way to go.
Intel? I just don't know. I like their processors more than AMD. I think they'll remain competitive but they're going to continue facing stiff competition from AMD in servers and more and more ARM processors are taking over everything other than desktops and servers and may, in 5-10 years even get into desktops themselves.
If you think it has a future, stick it out. If you want something safer and more secure, jump ship to an ETF like VOO and get a little bit of intel there, plus over 500 other companies, AMD included, to help it out a bit.

More than a third of AAPL market cap on about a tenth the revenue. Tripled in price in five months *before* the blowout guidance. Pulled AMD up 50% in a month along with it. Clearly this is reasonable price action, and there's no AI hype bubble.
(PS: "If you say this ridiculous price action is a hype bubble, you're saying that AI itself is mere hype with no more potential than NFTs" is just a stunningly stupid take, and I have to wonder how many of the people saying it actually believe it)

HPQ is consumer laptop/desktop. HPE is enterprise solutions and servers. I read this very plainly as they are working with AMD on a number of Heterogeneous Computing Solutions that can address AI use cases as well as doing the Nvidia thing.

I said AMD calls were free money. I laughed at bears saying $AI calls were too high IV wise and watched them do the same on puts all day.
At this point I question if God is actually an AI and how many other planets exist where their life forms realized that the universe and planetary survival depends on evolving with technology and embracing AI.

i sold CHWY 27.5 put in june; expecting some short covering. In AMD i sold a strangle 100/ 140 in July.

I'm still trying to figure out how fast it could be. I'm a hardware guy so not sure how long it would take for ROCM(+MI300) to be feasible $$wise in specific field like LLM inferencing. Assume NVDA sells \~35b of AI cards with 80% of margin, and AMD is only asking for 60% of margin, the cost will be be 50% for those big AI guys. They got 17.5b to spend every year to make AMD/ROCM/MI300 feasible.....how fast it would be for AMD to partially catch up?

TLDR : short $NVDA this week, go long AMD and AI

probably won't know for two years, so it's not really a factor.
Unfortunately, all three companies are WAY overvalued right now and buying into any of them is dangerous as F. Trust me, I'd love to buy into all three of them myself.
I still own some Nvidia, but I'm looking for an exit really soon. I recently sold my AMD because the valuation is getting out of hand and I don't believe it's sustainable.
I don't have a position in MSFT, but I'd love to have one. Problem is, I'm not buying it near it's all-time high. It's gone on a tremendous run, and right now isn't a good time to buy imo.
I still think there's going to be some bad news coming to these markets soon enough. Multiple red days strung together. I'd rather consider buying one of these three then.
Of course, it's tough to sit on the sidelines watching these puppies pop 5 percent every day. But each day that it keeps happening, makes it more likely that it's going to crash in the other direction soon
Proceed with caution

def yes. in ML everything is done with cuda in mind. Pytorch (the go-to library for ML research) is optimized to run in nvidia GPUs. the gpu cluster of the supercomputer I use (Snellius, biggest HPC in NL) is made up of NVIDIA a100's for ML. it's an absolute monopoly and to be fair, it will take time and effort not only from potential competitors (AMD) to take over but specially from library developers, and ultimately the people using it

Yes, it is a real test here to see if AMD holds this week or if the market holds. If the market fades lower, will some of these AI stocks just hold on until the end before giving up? We could get some of the high fliers to have a rolling correction as the market some how managed to end green today, but looks darn weak to me. Yet the VIX is OK, not great, just OK. We could well have another hiccup or two this week with various economic reports that might make the market realize it needs to price in a couple more FED raises, which it has not done yet. We are high enough to take a fairly sizable dip and then come back up and resume this bullish trend. Our luck is the market will decinde to give up on June 13th right on top of the AMD AI day.

P/E ~20, EPS 10.61. Anybody that rode NVDA up last week and is wary of its massive P/E (and of course any AMD holders) is almost certainly still bullish on AI, and SMCI is very well positioned in the industry. Basically putting Nvidia GPUs in Meta’s data centers and running their AI cloud infrastructure. Much more than that, but you get the idea. There’s more money bullish on AI than there was 2 weeks ago, and it’s kinda hard to say SMCI is overpriced with those numbers.

Same with AMD, not tanked but it fucked me pretty good.

Amazon is not even close to being a chip company, I don’t see how they could possibly enter the market and somehow overtake Nvidia. AMD and Intel have been trying for years and haven’t come close. It’s not that easy to just design a cutting edge chip.
Tesla and apple chips are nowhere near cutting edge, they’re just good enough to power their products

Purely technical being overbought. I think the rally’s back has been broken and now AMD is going to meander a bit before a new floor is found and we do the whole “goes up to x, drops down to y, goes up to x, drops back down to y” for a few weeks/months.

TSMC is THE semiconductor fab. All the others I mentioned only “design” chips but they don’t “make” them. TSMC’s ONLY competitor for leading node process (high-end current generation chips) is Samsung and Samsung doesn’t open up their fabs like TSMC does. TSMC only etches silicon. That’s all they do and they’re the best in the world at it. Nvidia, Apple, Google, AMD all use TSMC to actually produce microchips and they can’t do it without TSMC.