Buy AMD – to play the next gen game consoles Ps5 and Xbox X
Buy AMD – to play the next gen game consoles Ps5 and Xbox X
• Next console cycle begins in end 2020 with Sony PS5 and Msft Xbox X.
• Console mkt expected to grow from 50B to 75B by 2025
• In previous cycles Microsoft and Sony relied on different suppliers, this cycle AMD takes it all.
• AMD offers the best CPUs and GPUs for gaming performances, and could become the reference for many years ahead
• AMD dollar revenue per console is expected to be a 75% step up from last year’s shipments for the PS4
• Valuation is not excessive: P/E to growth at 1x, P/Sales below 10x
Technically the uptrend is intact riding above a rising 40 week or 200 day moving average (orange line). It rose 7% yesterday breaching through a short-term bull flag formation, along with rising momentum and volume on the daily timeframe. The next test will be the all-time high around $59, on which the stock failed three times since February. A successful breach above $60, would pave the way to significant upside with $69 in sight over the short-term, then $80 to $100 over the medium term.
A move back below 49, would on the other hand annul the bull case.
• Next console cycle begins in end 2020 with Sony PS5 and Msft Xbox X.
• Console mkt expected to grow from 50B to 75B by 2025
• In previous cycles Microsoft and Sony relied on different suppliers, this cycle AMD takes it all.
• AMD offers the best CPUs and GPUs for gaming performances, and could become the reference for many years ahead
• AMD dollar revenue per console is expected to be a 75% step up from last year’s shipments for the PS4
• Valuation is not excessive: P/E to growth at 1x, P/Sales below 10x
Technically the uptrend is intact riding above a rising 40 week or 200 day moving average (orange line). It rose 7% yesterday breaching through a short-term bull flag formation, along with rising momentum and volume on the daily timeframe. The next test will be the all-time high around $59, on which the stock failed three times since February. A successful breach above $60, would pave the way to significant upside with $69 in sight over the short-term, then $80 to $100 over the medium term.
A move back below 49, would on the other hand annul the bull case.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.