It is guaranteed to exist, as it is the only x86 competitor to Intel, and IIRC their x86 license is non-transferable.
It is nvidia's only main competitor.
It does its job pretty well.
Is it a blue chip in terms of stability? Clearly it is a bit more volatile. But it isn't dying anytime soon.
I remember following the WSB AMD memery several years ago and no one really predicted what would actually happen over the ensuing years.
Intel shit the bed on some key foundry investments and AMD had some chip breakthroughs to capitalize on their screwup.
So yeah, some people ended up being right that AMD would do well but I never saw anyone predict WHY.
ANd I can point you to many many that were predicted to do gangbusters and never amounted to anything, funny those always get forgotten.
Sigh. If I only had known exactly how badly Intel would do…I bought the stock because I figured they’d get a little bump because of console sales, and then got impatient.
The AMD trade was (reasonable) fun money.
Nothing has changed except central bank policy encouraging rampant speculation. The bull market won’t last forever and every generation thinks the fundamentals don’t matter anymore, until suddenly they do. To be fair it is extremely hard to build wealth incrementally these days because of central bank policy, but it’s way better than yoloing life savings.
Maybe those are exceptions too but seems like the most hyped companies have not brought marginal costs near zero.
I'm looking at this list of the S&P 500 companies, and they mostly have very solid earnings and fundamentals:
https://fknol.com/list/market-cap-sp-500-index-companies.php
I went through the top 100 companies, and the only one that is a "bet" is Tesla, except they have many, many cars on the road and have been delivering product that people want to buy.
If anything, I'm even more bullish for all these huge companies, as absent any government action (which I doubt), who is going to take them on? They will continue to go vertical and eat each other's business, maybe. But that doesn't really affect you if you're holding the whole index fund ETF.
Tesla is valued at what Apple was in 2019, but hasn’t made any profit ever without tax credits. AMD is at $100 billion, which seems high but could be worth it. Doesn’t matter if they mismanage cash and have to be acquired though.
Even "Hey this has short 140% of float" isn't a meme stock thing.
The definition of "meme" stock is it being a meme - is it getting hyped up on social media and reddit with inside jokes and collective action (as much as they pretend it isn't collective action).
Please for the love of god tell me you are trolling right now.
Whether people like the product or not and how they compare to competition only matters if they have cash figured out. Anybody can sell a dollar bill for $0.80 and have a fantastic product, doing it profitably is the trick. WeWork is probably the best example, entering high risk long term leasing commitments and subleasing that space at a loss. They were bid up to an insane $40 billion valuation based on just this, until they tanked pre IPO. Now with the low probability, high impact risk of a global pandemic coming about, they’re struggling to survive and I’m surprised aren’t bankrupt yet. Still have a better product than the competition though.
Sure, and these considerations are all things that are downstream of product, competitive positioning and IP.
If only we had known way back when!