The stock market ticked up on Tuesday, with S&P 500 closed at highest level in 2023. S&P 500 rose 0.2% to 4,291, while NASDAQ increased 0.4% to 13,323
Tweet of the Day
$SMCI Super Micro Computer
is $SMCI going to be one of the company's years from now, that people say,
"back in 2022, you could have bought it for $50!!!" and made xxx%"
I still don't see that many folks talking about it… and don't think it is even in mentioned in the… pic.twitter.com/da69lzfEmm
— Christian Fromhertz 🇺🇸 (@cfromhertz) June 6, 2023
Chart of the Day
Here is the one-year chart of Advanced Micro Devices (AMD) as of May 24, 2023, when the stock was at $108.
Advanced Micro Devices is a semiconductor company focused on high performance computing technology, software, and products. It develops high performance CPUs and GPUs and integrates these with hardware and software. CPUs are used for client systems, high performance computing, and cloud computing. GPUs are used for gaming, artificial intelligence, and virtual reality.
Advanced Micro Devices isn’t nearly as pricey as NVIDIA’s (NVDA) stock is. But is AMD on NVIDIA’s level when it comes to AI? David Sharek doesn’t think so.
In the earnings call, the CEO said its AI activities increased significantly in the quarter and consumer interest has increased significantly for its next-gen MI300 GPUS, but this isn’t expected to launch until the 4th quarter.
AMD is on the radar for the the Growth Portfolio.
