Abstract: Explain the reasons of buying US stock AMD (AMD) and selling Nvidia (NVDA) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on January 27. The details are as follows:
Bought stock
- Advanced Micro Devices Inc (US stock code: AMD)
- Quantity: 34 shares
- Bought price: US$75.06
- Commission fee: US$0.36
Image source: https://seekingalpha.com/symbol/AMD/chart
Sold stock
- NVIDIA Corporation (US stock code: NVDA)
- Quantity: 13 shares
- Sold price: US$199.86
- Commission fee: US$0.41
Image source: https://seekingalpha.com/symbol/NVDA/chart
Reasons for selling Nvidia
Due to the recent rise in Nvidia’s stock price, this position has risen to the highest proportion of the position. Although I am still optimistic about this company, I also think that other companies in the position are very good, so after thinking about it, I decided to sell part of my Nvidia’s position to free up for another company that I think is still being ignored by the market for the time being.
Reasons for buying AMD
As mentioned above, I gave up my position to increase my holdings of AMD. It can be seen from the historical trend of the stock price in the above chart that the current stock price of AMD has not yet risen to the high level of the previous round. Compared with Nvidia I think it is a big underperformer, of course Nvidia has its own uniqueness. But I am also full of confidence in AMD. It will announce its results in a few days, and I hope it will live up to my expectations. The market is currently very afraid that AMD will suffer a serious decline in performance like Intel, but I have full confidence in AMD. Their company’s products are very competitive. I believe this performance may also show that AMD will continue to gain Intel’s market share.
Comments and sharing
If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.
