A Reddit user, 1ncehost, likened Advanced Micro Devices (AMD) to “the nice ugly step sister of hot bae Nvidia,” in a bold post predicting the stock reaching $450 by year end.
Building on their successful Nvidia prediction, 1ncehost confronts skepticism about AMD’s valuation, challenging Nvidia’s dominance.
1ncehost’s reasoning hinges on AMD’s potential for significant revenue growth, foreseeing a 50% surge driven by the rising need for AI accelerators.
The imminent release of MI300X reviews is seen as a potential game-changer with AMD possibly outpacing Nvidia in speed, according to 1ncehost.
Additionally, 1ncehost views Nvidia’s supply constraints as an opportunity for AMD to capture market share, especially with prominent customer Meta Platforms Inc (META) driving AI accelerator demand.
1ncehost believes that AMD’s ability to secure 15-20% of the AI accelerator market could propel the stock to $450 by the end of the year. They eagerly await the post-MI300X reviews as Q2 emerges as a pivotal period for AMD’s earnings growth.
The Redditor has investments in two call option contracts, showing confidence in AMD’s potential, but only time will reveal if AMD can live up to the optimistic forecast.
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