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AI earnings aftermath: AMD, SMCI, NVTS, and the Nasdaq

Last night’s AI earnings basically gave the rally what it wanted: actual revenue, better guidance and another reason to keep the AI trade alive. But this was not all the same quality of earnings. AMD was the cleanest print. SMCI was messy but saved by guidance.

🔗 Source

💡 DMK Insight

AI earnings are fueling a rally, but not all results are created equal. AMD’s solid performance sets a high bar, while SMCI’s mixed results highlight potential volatility. Traders should be cautious; the enthusiasm for AI stocks could mask underlying weaknesses. With AMD leading the charge, watch for its price action around key resistance levels. If it breaks through, it could signal further momentum for the sector. However, if SMCI’s guidance fails to hold up, it might drag down sentiment across the board. Keep an eye on the broader tech market as well, since these earnings could influence correlated assets like semiconductor ETFs. The next few trading sessions will be crucial for determining whether this rally has legs or if it’s just a short-term spike.

📮 Takeaway

Monitor AMD’s resistance levels closely; a breakout could signal continued AI sector strength, while SMCI’s performance may indicate broader market risks.

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