An investor who holds a long position in Advanced Micro Devices (AMD) has downgraded the stock ahead of its Q1 2026 earnings release on May 5th. The downgrade is due to expected limited upside in the short term, as Q1 sales in China are projected to fall significantly from Q4, and local competitors hold strong market shares. The investor remains bullish on AMD's long-term prospects, particularly depending on the success of upcoming products MI450 and Helios, with growth potential tied to partnerships with Meta, OpenAI, Oracle, and Celestica expected in 2026 and 2027. However, the current high valuation (50x forward earnings) reflects future growth expectations rather than past performance. The investor plans no additional purchases before earnings due to risk of a double-digit selloff.
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TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
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