After ASML, Could AMD Be Next? (Q3 Preview)

Summary:

  • AMD’s Q3 earnings report on October 29th is crucial, especially after ASML’s disappointing results, which impacted the semiconductor market.
  • Despite ASML’s challenges, AMD’s role as a chip designer and its diversified revenue base set it apart, suggesting different growth prospects.
  • AMD is expected to show healthy growth with EPS up 30% YoY and revenues up 15.72% YoY, making it a potentially attractive buy.
  • AMD remains well-priced with strong growth prospects, making it a good long-term hold despite recent market volatility and ASML’s issues.

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Thesis Summary

Advanced Micro Devices (NASDAQ:AMD) is set to report Q3 earnings on October 29th and this is going to be a very important release.

Just last week, ASML Holding (ASML) released its earnings and


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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This is a high-risk/high-reward opportunity, which is exactly what I look for in my YOLO portfolio.

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