Semis Still Showing Strength: $AMD, $NVDA

July 1, 2021

Semis Still Showing Strength: $AMD, $NVDA

LikeFolio recently added Advanced Micro Devices (AMD) to coverage with a bullish outlook, citing relative strength in underlying consumer Demand and powerful macro tailwinds -- Since then, shares of AMD have rallied +15% higher. And, AMD isn't our only bullish position in the semiconductor industry...Last November, we sent out a bullish alert for Nvidia (NVDA) which has appreciated +52% from our entry as shares push to new all-time highs. With the exception of Intel, which has consistently lagged the competition in terms of consumer-facing demand growth, we’re seeing lasting strength across the industry at large.

Barring outside factors, like a major supply chain disruption, we’re expecting to see both AMD and NVDA continue higher in 2021.

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