AMD fell 8.1% on Meta's financing plans and a Lam Research supply warning. CNBC's pick of the week is AMD.
The pitch: AMD is the only name reporting in the next two weeks that passes the screen. Price above the 200-day moving average. PEG below 3. ROIC of at least 12%.
Read that again. The stock fell 8.1%. The screen says buy.
I respect a screen. A screen has no feelings. A screen never watched a neocloud lose over 30% of its value in October. CoreWeave and Nebius did. The screen was not invited.
The drawdown came from a sector selloff, not anything AMD reported. Great. That's like saying the iceberg was not the ship's fault. The water is the same temperature either way.
Meanwhile, Anthropic wants to list on the Nasdaq as ANT. Ticker symbol ANT. A company with an $80.7 billion first-half loss picked the name of an insect you step on without noticing. Goldman Sachs and Morgan Stanley are underwriting. Bold branding.
Switch, NScale and SB Energy all postponed their listings. Anthropic is the only tech IPO left on the fall calendar. Everyone else read the room. Anthropic bought the room.
So AMD stands out. Sure. A guy in a clean shirt stands out at a mud wrestling event too. Nobody said he was winning.
Lisa Su says orders keep outrunning capacity. Good. Capacity is a nice problem. Demand needs a buyer with money, and the buyers are Meta, which is financing things, and a startup losing $80 billion a half.
The chart doesn't care about a PEG ratio. The chart cares about the 200-day line. Sit on it, retail traders. Sit on it and wait.
Buy AMD because a screen told you to. If it goes wrong, blame the screen. It won't answer. Neither will your broker.
Photo by BoliviaInteligente on Unsplash
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