Today there’s a report that Intel and AMD are joining forces to fight Nvidia.
I have been flooded with questions from investors as to what the news means for shares of Intel INTC, AMD AMD, and Nvidia NVDA. I will answer the question based on fundamentals. But first let’s look at the charts.
Please click here for a chart of Intel post-breakout. The chart shows that there has been a powerful move up since the breakout. At The Arora Report, we bought Intel at $34.01 in anticipation of the breakout. In addition, at the time of the breakout, we bought a so-called trade-around position to surround the core quantity bought earlier. A valuable technique for investors is to buy a core quantity to hold for the long term and then surround it with shorter-term trades at opportunistic moments; this is called a trade-around position. In some situations, using this technique, investors can double their returns while taking lower risks.
It is worth noting that Intel is a part of Dow Jones Industrial Average DJIA.
Please click here for a chart of AMD. Note that in contrast to Intel, AMD has been trading in a wide range without a breakout. At The Arora Report, we do scenario analysis in advance. Our most probable scenario for AMD at the beginning of the year was that the stock would likely trade in a wide range….Read more at MarketWatch
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