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Sep 9 at 01:32 PM
$AMD(AMD.US)
Post 3 Episode 22
Context: What interests me about AMD is that the AI opportunity does not require it to replace NVIDIA. Even a meaningful share of a rapidly expanding accelerator and data-centre market could translate into substantial growth, especially with AMD combining GPUs, CPUs and increasingly rack-scale systems.
My trade: I treated AMD as a strategic challenger position rather than a momentum bet. The thesis is based on improving execution, broader hyperscaler adoption and the possibility that customers increasingly want a credible second source for AI compute. However, I believe better prices for AMD is around the corner so this is just a small position.
Takeaway: An investment thesis does not always need a company to become number one. Sometimes the opportunity lies in identifying the strongest alternative in a market that is growing fast enough to support more than one major winner.
@Captain's Treasure
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