Advanced Micro Devices (AMD)

Jan 11, 2021Trade Ideas

Our Nio trade is still exploding.

On Dec. 31, we highlighted opportunity in the NIO stock and the NIO Feb. 19, 2021 50 calls.
At the time, the NIO stock traded at $49.35 a share. It’s now up to $63.48. From here, the EV stock could see $70 a share.

As for new opportunities, Advanced Micro Devices (AMD) could see higher highs, as it chips away at competitor market share.

Better, the company’s CEO is incredibly bullish on the stock.

CEO Lisa Su said she expects to see more growth in the PC market , and a better than expected first quarter in 2021. “I think we see 2021 as a growth year for PCs, which perhaps we haven’t heard in a while,” Su said, as quoted by MarketWatch. “And more importantly, I think the product portfolio that we have is sort of very focused on some of these higher and feature sets as well, that we think will play well for our long-term share gain prospects.”

Wells Fargo even increased its price target to $100, “Citing the company’s potential in high-performance computing—referring to supercomputers designed to tackle the most complex computational questions, such as IBM’s chess-playing mainframe,” as noted by Barron’s.

Even at $97.76, there’s still a good deal of opportunity here.

You can buy the stock at market, and, or buy to open the AMD February 19, 2021 100 calls at market. You can always hedge the bet with the AMD February 19, 2021 95 put.

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