this post was submitted on 09 Sep 2024
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Narrator: They couldn't.
AMD seems to be doing great: https://seekingalpha.com/article/4718576-amd-stock-ai-accelerators-drive-revenue-and-margin-outlook-upgrade-buy
Down 6% YTD and a market cap of 1/12 of their only competitor isn't "doing great."
Did you even read it?
Firstly, Nvidia isn't AMD's only competitor. There's Intel, Qualcomm, and a litany of other companies that compete with Xilinx, who AMD purchased.
Secondly, only looking at the stock price and treating that as gospel shouldn't be how you're assessing whether a company is doing well or not.
GameStop stock exploded, it wasn't because they were doing well. Nvidia became the most valuable company on earth by market cap - do you really think they're that valuable, more than Microsoft or Apple, or is it a bubble? Tesla stock went crazy because Elon kept chatting nonsense about how all their cars would be driverless by 2018. Etc. shit, go back enough, tulip stocks were worth more than all of the textiles industry if you only care about market cap.
The stock market is not rational. Don't judge the health of a company purely based on their stock price.
Well, it's accountwalled so no.
Additionally, holy shit my dude. Nice work being Exhibit 1A as to why retail investors and common folk shouldn't be allowed to speak about the stock market, corporate valuation, or business finances generally.
Can't take an L and reevaluate or something? Why this response to a pretty reasonable rebuttal of your surface take?
The irony of saying that when you think the be-all and end-all of how good a business is doing is looking at its stock price this year.
If only it were that simple.
My man, by the time I read this comment it was 1% down YTD
Shows how much you know, talking about returns over a few months
It's up 361% over last 5 years, which is beating $QQQ (tech stocks in general) which is up 138% and $INTC which is down 63%
$NVDA is up 2295% over that time frame and it's a ridiculous comparison, almost no company grew that fast
$AAPL must be shit since it only grew 309% over 5 years, right?