AMD earnings on deck: Have investors been 'overenthusiastic'?
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How do you think AMD's doing and what are the results going to show to reflect that?
Yeah, in some ways, I think this is a completely different story because from the perspective of AMD, I do think that there's tremendous growth potential for them. The question is, is have we been over enthusiastic because realistically, when people are looking for AI investments, uh yes, there's AI and everything, but there are a few companies you can point to that are so very discreetly AI focused, right? And chip is one of those categories. Where I see the big growth for AMD is both on the lower end, which is the CPU, and on the higher end, which is the GPU market. So they actually are playing both of those games, which is relatively unique in terms of competitor that can play both of those games well right now. And one of the things they have going for them is everybody wants to create a strong competitor to Nvidia. And we thought for a long time that was going to be Intel. We saw what's happened with Intel, you know, there's still opportunity for Intel to come back in and be a player, but right now people are placing a second bet, they're placing that second bet on AMD. And that makes it a very interesting stock to own.
Um, when you look at, you know, we've had some guests say to us, well, AMD sort of provides a cheaper alternative to Nvidia, not just talking about the chips, but the stock itself. Um, it has gotten a little bit less so, you know, we've seen um, that the stock has recovered quite a bit, especially into these earnings. So again, just like we talked about Palenteer, what would you say about the expectations for for AMD at this point?
So one thing I think has been very interesting is that recent bump in pricing that they've had on their AI GPUs, right? A significant hike in pricing, which should actually help some of the margin issue that we've been thinking about with AMD. They've typically been known as a lower cost provider that was sort of a Trojan horse strategy to get in, but if you're pricing yourself even, you know, in this case, it would be somewhere between 17 to 25 odd percent less than, you know, a basic Nvidia Blackwell GPU, it's still a value. And when you're buying that many of them in a hyper scalar landscape, there's still a lot of opportunity. So I think that there's some letters that AMD can still provide, but no doubt, there's been just a tremendous run-up in AMD, and as we mentioned earlier, Palenteer. There's a lot of frothiness in the market, and the actual purchases might not meet today's frothiness.
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