$AMD(AMD.US) hits $1T!

This is a classic story around retail holding and believing for YEARS in the face of depressing price action or worse, no price action.

Every holder deserves their flowers today.

Now, in terms of the move on no news…I think the news is $Meta Platforms(META.US) Muse having a breakout moment.

If Muse becomes THE consumer agent (shame that Apple is not winning here) then the demand for agentic inference, CPUs, and digital workstations would theoretically be much larger than it is today…which helps $AMD(AMD.US). It also helps $Intel(INTC.US) and $Arm(ARM.US) as those names are moving higher.

From Wells Fargo today:

“Muse US app downloads & DAUs accelerating last few days and tracking above other AI apps in first 12 days since launch, based on SensorTower. Muse US downloads set new record on 9/19 (264k), 3rd straight day >200k, while DAUs accel'd to a new peak of 448k on 9/18 (10-days post launch). For context, ChatGPT didn't reach >200k US downloads until 1-yr post launch and 450k US DAUs until day 49. In last 30-days, Muse has the highest avg rating (4.66 stars) w/ 87% 5-star review share vs peer apps.”

Oh and then to not forget…Meta has warrants to own up to 10% of $AMD(AMD.US) at this $600 price as they are AMD’s largest customer and will pay for many more CPUs if Muse continues to scale.

Feels like both are in a strong spot and benefit from each other.

Source: amit