yea... I think it's overdone here. We are going down due to PC demand, after we add a company that gives us exposure to AI, Auto, Aerospace, Mobile/Wireless, and enhances data-center exposure as well.
The chips for the above sectors are not going anywhere. And are still in high demand, set for extreme growth.
Doesn't make much sense. AMD just broke out of the down trending range this week. AMD also was added to the top tier with several analyst firms, such as Zacks.
Now we are back into the down trending range... With $8 billion in share buybacks on the horizon.
I'm wondering when they start to pull the trigger with the buybacks. Around the 100$ level, the buyback would be able to take out 5-6% of the oustanding shares..
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