AMD's revenue climbed 50%. The data center unit doubled. The stock went down.
Makes perfect sense if you've been huffing the fumes from a freshly opened brokerage account. Revenue up means number bigger. Number bigger means stock go up. That's the whole thing. Except the stock went down, which means retail traders now need to update their entire understanding of how markets work, and they won't, because that would require reading something longer than a push notification.
The data center sales doubled. Tripled would've been better. Quadrupled would've been acceptable. But doubled? That's basically failure. AMD could've cured cancer and someone would say yeah but what about diabetes.
Here's what happened: the company printed money, told everyone about it, and the market said "not impressed." Analysts wanted more. They always want more. AMD could've posted infinite revenue and some guy in a Patagonia vest would downgrade them because infinity has a negative second derivative.
Chart guys are already drawing lines connecting this candlestick to a candlestick from 1987 and declaring they called it. They didn't call shit. They draw twelve lines a day and when one of them accidentally intersects with price action they screenshot it and claim they're Nostradamus with a Bloomberg terminal.
The best part? None of this matters. The revenue number doesn't matter. The data center growth doesn't matter. The stock price definitely doesn't matter. AMD will do whatever AMD does regardless of whether Kevin from Reddit thinks the P/E ratio is too high. The company sells chips. The chips work. People buy them. That's the entire business model, and it has f*ck-all to do with today's closing price.
But sure, panic sell because the line went down after the numbers went up. That's worked out great for everyone historically.
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