Boiler Room: The Official Stock Market Discussion

BlaxOps

BlaxOps

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Advanced Micro Devices, Inc. (NASDAQ:AMD) shares fell as much as 5.47% to $64.12 during Thursday's after-hours session after the company lowered its third-quarter sales guidance below analyst estimates.

What Happened?
AMD sees preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue.

"The PC market weakened significantly in the quarter," said AMD Chair and CEO Dr. Lisa Su. "While our product portfolio remains very strong, macroeconomic conditions drove lower than expected PC demand and a significant inventory correction across the PC supply chain."
"As we navigate the current market conditions, we are pleased with the performance of our Data Center, Embedded, and Gaming segments and the strength of our diversified business model and balance sheet. We remain focused on delivering our leadership product roadmap and look forward to launching our next-generation 5nm data center and graphics products later this quarter," Su Stated.
 
SleezyBigSlim

SleezyBigSlim

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BlaxOps said:
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares fell as much as 5.47% to $64.12 during Thursday's after-hours session after the company lowered its third-quarter sales guidance below analyst estimates.

What Happened?
AMD sees preliminary third quarter revenue of approximately $5.6 billion, lower than prior outlook of $6.7 billion plus or minus $200 million, primarily due to weaker Client segment revenue.

"The PC market weakened significantly in the quarter," said AMD Chair and CEO Dr. Lisa Su. "While our product portfolio remains very strong, macroeconomic conditions drove lower than expected PC demand and a significant inventory correction across the PC supply chain."
"As we navigate the current market conditions, we are pleased with the performance of our Data Center, Embedded, and Gaming segments and the strength of our diversified business model and balance sheet. We remain focused on delivering our leadership product roadmap and look forward to launching our next-generation 5nm data center and graphics products later this quarter," Su Stated.
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Back on the day I bout about $50 worth of AMD stock around $3 and flipped it a few years later for a $1500 profit, I decided to get into stock trading after that. I also took profit on my very 1st options trade which was an AMD weekly call option. That 1st hit was like crack been chasing the same high ever since. AMD has been good to me I would even be doing this stock trading thing or investing if not for them. They'll bounce back they always do.
 
Macallik86

Macallik86

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FYI huge pops in Marijuana-based stock after Biden pardoning thousands of weed convictions. Got my eye on MJ, ACB, TLRY and SNDL once the dust settles (not financial advice)
 
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chineebai

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So qqq below the 280 level is bearish. Will it work it's way back up there or go more down? We shall see.
 
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chineebai

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Serious said:
What do you think about XLE normally take a bit of dive around mid-late October.
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Not really sure but all I see are energy charts having nice breakouts and that's what I really base it on, nothing else. Energy in general is a volatile sector but the price don't lie. Look at the XLE chart today, nice recovery in a down market.
 
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