$AMD(AMD.US)Context: Nvidia shares fell 8% in trading $159.68, while AMD rose 3.87% to $574.29 and Broadcom rose 5% to $…
$AMD(AMD.US)
Context: Nvidia shares fell 8% in trading $159.68, while AMD rose 3.87% to $574.29 and Broadcom rose 5% to $364. The moves point to a rotation within the chip sector. AMD sells its Instinct line of graphics processors, the most direct competitor to Nvidia’s data center products, and Broadcom designs custom AI accelerators for major cloud customers and supplies networking chips used across large data centers. AMD and Broadcom could benefit from growing expectations that they may move more rapidly to win customers if uncertainty at Nvidia persists.
My Trade: Glad to have grabbed the dip in AMD and is now happily back up on paper. Will continue to hold for now with all that's going on at Nvidia.
Takeaway: Rotation into AMD is surging and this could be great for mid to long term. Diversifying your assets is never a bad thing. @Captain's Treasure
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.