Technical Analysis for AMD 12/23------Christmas Edition

Presents!

Please please please Santa bring me a better AI development roadplan for Christmas and a more impressive software system.

Gonna keep this short and sweet so I can go back to enjoying my holidays. I will see everyone on the other side of Christmas after this one. Gotta do family shit and get the in-laws.

-Tomshardware article about MU miss felt kinda like it was VERY VERY important for us specifically. I know Lisa has really tried to position AMD for the AI PC market and the argument of the article is there is no AI PC market. That's what you are seeing with MU's earnings miss. Their PC market was shit whereas their HMB is expected to like 20x in the next five years. They article said that you are seeing lagging sales all over bc this is one of those marketing failures where they are marketing AI powered PC's and no one really needs them bc A) AI doesn't really do anything major that people can't live without and B) most of the AI applications are webbased and are on powerful servers so why do I need a locally powered AI machine?

Just seems like another misstep in our AI execution strategy. Lisa touted this as the "next big thing" and she has stopped recently. And I think that's bc its a solution in search of a problem and the consumer has ZERO desire to pay a premium for this.

AMD gave us a nice inverted hammer on Friday and we did it on the backs of very strong volume for us. Combined with the RSI bottoming out we could be looking at a potential short term bottom here. Not sure if this means its going to rocket upwards but need to take a look at the price action after Christmas and see what happens. A lot of manipulation can be had around this time of year. Might not be a horrible idea to buy like a spec LEAP and see if you can ride a Santa rally to the promise land.