CNBC's "Fast Money" The latest read on the semi space, and are EVs in for a mega meltdown in demand? 10/31/23
Oct 31, 2023
AMD shares move after earnings report. EV inventories up 500%. Antitrust lawsuit against realtors. Uncertainty around future events. Analyzing Caterpillar's performance. Drop in Young China shares. Caesar's positive earnings report and F1 race sponsorship. Fed decision preview and warning. Central banks tighten policy. Analyzing Fed's rate hiking cycle and inflation impact. Current state of EV market. Final trades and banter.
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AMD's Disappointing Guidance
- AMD's Q4 revenue guidance fell short of expectations, causing its stock to drop.
- Despite beating earnings and revenue estimates for Q3, the chipmaker's future guidance disappointed investors.
AMD: Buy Low, Sell High
- Buy AMD stock when it looks worst, not when it looks best.
- Layer into the stock now instead of when everyone was piling in during the summer.
Conservative Guidance
- Karen Finerman suggests being conservative with guidance in the current market.
- She wants to hear more nuanced details from AMD CEO Lisa Su before making further decisions.