Advanced Micro Devices Inc (AMD)

[Clean]

Although I agree with the short-term bearishness... and all my shorts printed... And would have printed regardless of their hit-piece. This is quite over done!

Barclay's just revealed their hand. Looks like they are attempting to mitigate current internal problems. Probably relating to why an investors dumped $1.2Bill of their stock recently.

Hilarious that they mention 2023 as the year for AMD cyclical risks. 2023 is the expected commencement of production for the TSMC fab in Phoenix Arizona. At this plant they will mfg AMD 5nm technology and will be the premier facility at the time when production commences. Not only is AMD already vastly ahead of their competitor in design, but they will also be the first to market as a manufacturer of high-end semis within the US borders.

Barclay's even stated they expect AMD to continue to capture market share... HAHAHA! This is all AMD need to do during uncertain times. What I have stated above will be the driver for continued exponential growth into 2023.

Pretty bad analysis IMO.
Price target seems fair, which I doubt this analyst derived by himself.
His understanding of the semi market was revealed to be extremely poor.

Lets see how this plays out.