$AMD 1/5

IMO $AMD is a bargain under $100. It is heading towards $150. Here is my analysis.

1. High perf computing market size $79B/yr

Revenue of $AMD is only $7.5B/yr including notebooks, desktops, semi custom. Huge upside potential

$NVDA $INTC

$AMD 2/5

2. Growth of AMD is accelerating:
2020 Q2 Y-o-Y = 26%
Q3 Y-o-Y = 42%(Guidance)

3. 2020 yearly revenue growth guidance of AMD is raised from 25% to 32%. 2021 should be higher.

$NVDA $INTC

$AMD 3/5

4. Both Play station & Xbox use AMD and are releasing in Q4 2020. Huge revenue boost.

5. Revenue will cross $10B in next 4 qtrs.

6. Perception of $AMD is changing from cheaper alternative to $INTC to cutting edge high end. Tables have turned.

$AMD 4/5

7. Y-o-Y Revenue growth, from current qtr to next qtr, is accelerating for $AMD( 26% -> 42%) while it is slowing for $NVDA(27% -> 23%) ( Excluding Mellanox non-organic revenue).

Yet $NVDA has PS ratio of 23 while $AMD has 12

$NVDA $INTC

$AMD 5/5

8. Next Qtr, $AMD is growing twice as fast as $NVDA yet has half the PS ratio of $NVDA

Expecting margin expansion and huge earnings acceleration in coming quarters for $AMD

All we need it patience.

$NVDA $INTC