Trade Alert – Bought AMD (AMD) $154  

In the past three weeks, there’s been a rotation to cyclicals and small caps from overcrowded and overbought tech and semis. However, some stocks like AMD have fallen enough to become bargains again. AMD never flew as high as Nvidia, they’re running a distant second in AI GPU’s but will increase market share from the current run rate of about $5-6Bn a year. Besides, they have two cyclical divisions gaming and PC’s, which are just bottoming out and will pick up from this trough. This stock has legs and there is very limited downside from this price. AMD reports Q2 earnings on 7/30.