Wayne Liang(@wliang ):$AMD is ~30% of my long-term swing account, and I'll explain why. The valuation gap between $NVDA and $AMD is way too appealing. Roughly 7.5x apart... Both produce hardware that accelerates computing, $NVDA has established a massive lead in software-driven AI ecosystems. $AMD focuses on offering superior price-to-performance value, open-source alternatives, and a combination of CPU/GPU capabilities. > $AMD just crushed Q1. $10.25B revenue (+38% YoY), $1.37 EPS, datacenter +57% YoY. > MI350 is shipping. MI400 Helios rack ships H2 2026 with 20 PFLOPS FP8, 432GB HBM4 per GPU. Direct competition with $NVDA's Vera Rubin. > $AMZN AWS just signed as an MI350 customer - the first major hyperscaler win that $AMD has been waiting on. AWS doesn't pick second sources for fun. > OpenAI (6GW commitment), $META (6GW), $ORCL, $MSFT. Customer concentration is expanding and diversifying. Being the "second source" is the only reason this valuation gap exists. As MI400 ships and AWS volumes ramp, that gap starts to fill.

2026.05.13 15:44

$AMD is ~30% of my long-term swing account, and I'll explain why. The valuation gap between $NVDA and $AMD is way too appealing. Roughly 7.5x apart... Both produce hardware that accelerates computing, $NVDA has established a massive lead in software-driven AI ecosystems. $AMD focuses on offering superior price-to-performance value, open-source alternatives, and a combination of CPU/GPU capabilities. > $AMD just crushed Q1. $10.25B revenue (+38% YoY), $1.37 EPS, datacenter +57% YoY. > MI350 is shipping. MI400 Helios rack ships H2 2026 with 20 PFLOPS FP8, 432GB HBM4 per GPU. Direct competition with $NVDA's Vera Rubin. > $AMZN AWS just signed as an MI350 customer - the first major hyperscaler win that $AMD has been waiting on. AWS doesn't pick second sources for fun. > OpenAI (6GW commitment), $META (6GW), $ORCL, $MSFT. Customer concentration is expanding and diversifying. Being the "second source" is the only reason this valuation gap exists. As MI400 ships and AWS volumes ramp, that gap starts to fill.

Wayne Liang@wliang

2026.05.04 04:01

Okay so $SNDK earnings played out exactly as expected, with liquidity flowing down the entire chain. Now where should we put our money? So we have $AMD earnings in 2 days... 99% chance they beat earnings. Might see a very short-lived dip and bounce right back, as we saw with $SNDK. > Revenue guidance at $9.8B. But $INTC beating by $1.4B on server CPUs tells you everything you need to know about what $AMD's EPYC business is probably seeing right now. > Can't forget the MI450 stacked pipeline. OpenAI, $META (both 6GW commitments), $ORCL supercluster in Q3... > As most of you know, I'm a sucker for valuation gap fills... $AMD's market cap is ~$587B. $AVGO is $1.9T. $NVDA is approaching $5T. Execution dependent, it's only a matter of time before $AMD catches up (hence my long-term position). Now the most interesting part... since the entire ecosystem around it will benefit, where do we put our money? > Semiconductors & Chip Manufacturing. Heavily rallied already and has priced in the strong demand - $AMD, $NVDA, $TSM, etc. > Photonics & Interconnects. Most rallied amongst the chain. Priced in aggressively already - $AAOI, $IQE, $LITE, etc. > Memory & Storage. Significantly rallied already, but has a bit more room to go IMO - $SNDK, $MU, etc. > AI Infrastructure & Data Centers. Moderately rallied, way more room to go than semis and photonics - $CIFR, $APLD, $IREN, etc. > Power & Energy. Least rallied and the most overlooked layer in the whole chain. $AMSC, $POWL, $SLNH (currently have a short-term position), etc. To find the most asymmetric trades in any of these sectors, look for names that are still in early-stage development. Higher risk. Much higher reward. As usual, I'll share all notable finds.

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