Advanced Micro Devices Inc (AMD)

[Clean]

Wow this is unreal. So even good news is bad news?

TSM just beat.
They confirmed the chip shortage isn't going anywhere anytime soon.
TSM stated companies trying to overstock chips because of shortage (hence inventory increases.)
They don't have enough production capacity to meet demand.
High performance computing and Automotive are the main driving factors of revenue (with consumer PC being a small %.)

And $AMD keeps dropping like companies who sold Intellectual property to China or companies where CEO was just found guilty of falsifying earning reports.

I keep hearing about ARM taking market share... But ARM took INTC market share with the apple m1... NOT AMDs. AMD hasn't even made product for apple, and apple just delayed their macbook launch... so... once again, less supply equals more demand, even on the consumer PC side of things.

Going from overbought to oversold drops the share price 3-5$... Going from oversold to overbought increases the share price 2$ if we're lucky.

This shit is not natural.