AMD Joins NVIDIA in the Nasdaq-100 Index

[btarunr]

AMD will join the coveted Nasdaq-100 index at opening-bell on December 24. With a market-capitalization of $17.72 billion, AMD will join the list of 100 of the largest companies by market-cap listed on Nasdaq that includes non-financial companies. AMD peaked $33.2 billion market-cap in September, but fell 46% due to the cryptocurrency crash that affected sales of GPUs. It still grew 57.23% year-over-year, and hence fared relatively better than NVIDIA, which fell from $289.36 per share as on October 1, to around $135.1 as of now, a 53% decline, but a roughly $150 billion erosion in value over a span of just 3 months.



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[Space Lynx]

nvidia stock crash is one of the worst i have ever seen. impressive how much they are messing up

 

[Solaris17]

nvidia stock crash is one of the worst i have ever seen. impressive how much they are messing up

That is super brutal decline.

 

[BadFrog]

nvidia stock crash is one of the worst i have ever seen. impressive how much they are messing up

Look at Valeant pharmaceuticals. That was a more spectacular crash (VRX)

 

[Tsukiyomi91]

well, I say Nvidia did a "small" mistake in relying big on the cryptocurrency hype, leaving a ton of unsold GPUs & putting too much faith in a new GPU core that not many real world applications that can take advantage or even supported it. This is coming from a person who's been using Nvidia GPUs btw & I can tell I am not happy with how the green camp is doing. Kudos to AMD for reaching the top spot, despite losing a few key members of the board working for Intel...

 

[Vayra86]

nvidia stock crash is one of the worst i have ever seen. impressive how much they are messing up

I'd consider it a healthy correction thus far. And its great because it makes Huang wear his leather jacket just a bit less smug, and his 10 gigarays line just doesn't come out as great anymore. Stock price correction is the perfect way to wipe a smile off a CEO's face. Nvidia was getting pretty arrogant.

 

[hat]

Didn't their stock rise with the crypto boom? What is it now compared to before the boom? I don't think anyone actually expected that to last...

 

[stimpy88]

Well done AMD!

Talk about back from the brink!

 

[Fluffmeister]

Yey! Go AMD! Screw Nvidia!

 

[ssdpro]

Based on the comments regarding NVIDIA and AMD stock declines, it is not clear if some know how to read a stock chart. Looking at 1-year peak, NVIDIA peaked at $289.36 and closed yesterday at 135.10 (53% drop from 1-year peak). AMD's 1-year peak was $32.72 and closed yesterday at 17.94 (46% drop). Compare that with the nasdaq 1-year peak of 8109.69 vs close yesterday at 6528.41 (21% drop from 1-year high) and the dow 1-year high being 26828.29 and close yesterday at 22771.97 (16% down from 1-year peak). That means AMD and NVIDIA are performing about 3 times worse than the market averages. It isn't like NVIDIA is wildly outperforming AMD or AMD is wildly outperforming NVIDIA. They are doing about the same, one just plays with a big pile of chips and gets comped rooms and the other wonders where to exchange for chips and has a coupon for the buffet. I for one hope this stuff turns around or our politicians decide to stabilize. My 401k is bleeding out.

 

[KarymidoN]

Thats the problem with no challenge on the Market. Nvidia can charge watever they want on GPU's because AMD has no answer to RTX, despite that, consumers are finally saying NO to NVidia unreal pricing strategy, Nvidia tried to be Like Apple (Compensate lower sales with highier prices to generate revenue), but most of PC users are not that loyal to a brand, that we can see with AMD Ryzen taking a good chunk of the market from Intel. If only AMD could put some decent GPU on the market (with good performance, Price, and low power draw). Nvidia would be forced to LOW the price and keep pushing the bar on performance, Just like intel had to trow more cores to fight AMD, and even change to Solder CPUs... Competition is good for the market, and i hope Intel Xe and New AMD come out strong to the market and make Nvidia has a run for its money.

 

[Deleted member 158293]

Good for AMD, practically all has to do with their CPU deployment.

On the GPU front, if you look, AMD is also sitting on quite a bit of Vega inventory (Vega was just ungodly profitable for mining), but didn't bet the farm on crypto like nvidia did and are now liquidating leftovers through Sapphire at good prices to keep their cash flowing. Less profit, but less inventory writeoff also. IMO better strategy.

 

[Robcostyle]

Lol, forget about stock prices, that's just some rockfellas playin - just simply puff the balloon (stock$++), drop the stock ($$$++), then drop the price (--stock$) and buy the stock again - simple as that.
It's simply someone made couble of billions just for couple of days/weeks/months.
You should look for revenue and company's income - and that one almost didn't drop at all.

It has nothing to do with your anger towards turing prices, guys. And there's still thousands of dumb idiots who neverminded and ate those 1200$+ for single chip - so IMHO, huang is just more than satisfied. Plus, turing itself was definitely a progress - +30% of total perfomance+new tech - so, formally, nVidia "simply works" .
Just look at the Fallout 76 sales - 1.4M of copies sold,lol.

 

[mtcn77]

Lol, forget about stock prices, that's just some rockfellas playin - just simply puff the balloon (stock$++), drop the stock ($$$++), then drop the price (--stock$) and buy the stock again - simple as that.
It's simply someone made couble of billions just for couple of days/weeks/months.
You should look for revenue and company's income - and that one almost didn't drop at all.

It has nothing to do with your anger towards turing prices, guys. And there's still thousands of dumb idiots who neverminded and ate those 1200$+ for single chip - so IMHO, huang is just more than satisfied. Plus, turing itself was definitely a progress - +30% of total perfomance+new tech - so, formally, nVidia "simply works" .
Just look at the Fallout 76 sales - 1.4M of copies sold,lol.

Not as simple as that, this coldcall drove a headhunt in its wake until this mess all blew up. Goldman Sachs had been pulling the stock price up such that they had to state their apology, posthumously.

 

[Robcostyle]

Not as simple as that, this coldcall drove a headhunt in its wake until this mess all blew up. Goldman Sachs had been pulling the stock price up such that they had to state their apology, posthumously.

Hm... I did found some articles regarding GS and NVDA. And I must say, I'm still unsure if it is just some kind of hype or virals, or its serious stuff.
Though, NVDA price now is as low as 129$, by now...

 

[Fluffmeister]

US stocks are taking a beating regardless: https://www.bbc.co.uk/news/business-46654064

There seems to be a bigger issue beyond the evil nVidians.

 

[Deleted member 158293]

Markets have been turning to the big bad bear since late October, with most exiting mid-November. Nvidia however is in worst shape than most. Curious if they'll drop any lower now, at least until they announce their next financials.

 

[Fluffmeister]

Well they are more profitable than AMD for starters, so no need for doom and gloom there.

The consensus is they are now oversold, ultimately playing the stock market is a mugs game for all but the big fish, but I'm pretty sure Nvidia remain a viable business for the time being.

 

[niboar]

Nvidia come's from a stock price of 27$ in January 2016... at 129$ now, it is still a +380% increase in value in just 3 years. While nasdaq has gone from 4000 (feb 2016) to 6000$ now, "only" a 50% increase.

 

[Vya Domus]

I pointed out a couple of months ago how Nvidia's shares are inflated beyond anything reasonable and how it's a massively overvalued company. Guess I was right.

Lol, forget about stock prices, that's just some rockfellas playin

There we have it guys, another financial and business prodigy telling it like it is.

 

[mtcn77]

Hm... I did found some articles regarding GS and NVDA. And I must say, I'm still unsure if it is just some kind of hype or virals, or its serious stuff.
Though, NVDA price now is as low as 129$, by now...

Don't take my word for it. In fact, even in the financial community there have been wild fluctuations when - at a time 'the message' was what got me - it can simultaneously be bad and good in respect of the latest price trend. At a turning point, both members report doom & gloom and moonlight & roses at a crossroads.
See for instance, the moment Nvidia started taking a hit:

Spoiler: The manipulators

Nvidia shares are up more than 37% this year, and were climbing more than 2% on Friday morning, Sept. 14. That's after a note from Needham and Co., whose analysts say the chipmaker will continue eat to gain more market share in the inference market, which is a part of Nvidia's data center business. Needham raised its price target from $325 to $350, roughly 25% above the stock's current level.
...
On Thursday, Nvidia shares fell 1.7% as as part of a broader chip sector sell-off. A Goldman Sachs note said that many semiconductor companies are at risk, as chip prices are falling due to oversupply in the market. But Nvidia is erasing those losses Friday with Needham's positively revised forecast.

The news I had posted:

Spoiler: Mine

In 1999, the rationalization for Qualcomm's infinite rise continuing had a similar flavor. Nevertheless, Qualcomm stock couldn't avoid a post-parabolic crash. Neither will Nvidia.

One's contradictory to the market trend, the other is strictly definitive.