AMD260116C200000.US

$NVIDIA(NVDA.US)

Context: Cathie Wood's ARK Invest trimmed its stake in AMD, the chipmaker that is Nvidia's rival in the race to build artificial intelligence chips and data center processors. On Aug. 28, ARK sold 156,286 shares of AMD for approximately $72.8 million at the closing price on that day. Meanwhile, the company bought 243,707 Nvidia shares for over $53 million. The linked transactions make the move more remarkable.

Meanwhile, Nvidia has also officially announced the acquisition of Hugging Face, sending the stock up 2%.

My Trade: I'm looking at a $210 to $240 range for swing trades. Recent key support and resistance levels are slightly elevated following strong earnings and Nvidia's strategic acquisition moves.

Takeaway: ARK seems to be doubling down on AI infrastructure. Instead, the firm is parking money between chipmakers as investors assess Nvidia's commanding position against AMD's ability to get more share in accelerators and server CPUs. @Captain's Treasure

Beat the expectations and it should rise in it’s valuation.

I’m going to say it will land around $388 for all that it’s worth 😉

But Mr Market could be fickle and I am hopeful.

Hoping for positive run

I have many of this on hand. To the moon. $500 again !

My call: US$389

Why: AI semiconductor demand remains very strong with custom AI chips and networking driving rapid growth. I think another earnings beat and strong guidance could push the stock higher, but expectations are already elevated. The key risk is that even good results may not be enough if investors want an even stronger AI growth outlook.

3-8% is good result for the company who has been thru so much. up and down over the year.

i think it will rise a bit. in long term shall be bullish.