AMD bullish call by Meet Kevin

AMDBullunverifiable

“To me, AMD actually still has 50% up on it.”

Thesis at the time

Bullish

Kevin sees AMD as a major beneficiary of the CPU boom driven by agentic AI workloads, citing strong margin expansion and revenue growth projections, though he flags the stock as short-term overbought. He derives a PEG-based target near $944 while cautioning he wouldn't add more shares at current levels.

Key arguments

AMD margins jumped from 39.8% to 53.7% gross
72% revenue growth projected next year, reaching $88 billion
AMD's Epyc Turin chip projected to capture ~50% of CPU TAM in data centers
AMD trades at a lower PEG (1.5-1.6) upside potential versus Nvidia's ~0.7-1

Counter-arguments acknowledged

AMD is overbought short-term (RSI near 73 daily, 70 weekly)
Margins still much lower than Nvidia's
Nvidia's growing CPU push could compete directly with AMD

Hedges and caveats (from the video)

Market can move fast and unpredictably
Past performance mentioned (AMD call at $452, META bounce off $544 line) does not guarantee future results
Analysis based on app store rankings and advertising trends which may be temporary
Incomplete transcript limits full assessment of risk disclosures