From the Bloomberg article:

"At last week’s meeting, he faced concerns focused on the lack of products capable of winning in the market — something the board felt had been neglected in the push toward turning Intel into a made-to-order chip manufacturer. He was asked to stay on to help with his replacement but showed little interest in that, the people said. That prompted the decision to end his tenure over the weekend, they said."

It seems that Pat didn't love Intel as much as he claimed over the last four years, and rather than stay and provide a seamless transition, he chose to take his football and go home. "My way, or the highway". As a long-standing AMD investor, Pat's arrogant and CapEx intensive decision to compete with TSMC, just as AMD so deftly deflated Intel's datacenter cash cow, is a gift that keeps on giving. It will be interesting to see what echo of Intel's former greatness and Pat's plan for it survives this turbulent transition period.

https://www.msn.com/en-us/money/topstocks/world-s-biggest-hedge-fund-sold-nvidia-bought-super-micro-palantir-and-amd/ar-AA1v6urE

WOW

Okay so I was sitting down this morning and looking at the charts and the macro and the market and BOOM came over the wires that Gelsinger is OUT!!!! Honestly its like 24 months too late in my opinion for sure. Ummmm this is a big big shift and I need to process it. Will update more as we go

I agreed with the view mentioned in https://www.reddit.com/r/investing/comments/1dfj862/is\_amd\_actually\_a\_stock\_to\_hold\_for\_1020\_years/.

After Apple succeeded in launching Mx ARM chips on their laptops, Microsoft also starts to support ARM https://www.theverge.com/2024/4/8/24116587/microsoft-macbook-air-surface-arm-qualcomm-snapdragon-x-elite. The WinTel alliance is gone. This is not the biggest threat if you read the latest earning report. Consumer business's percentage is becoming smaller anyway.

However, a long-term trend is happening even with the rising data center business. Servers, especially AI servers, are shifting towards ARM. The trend is evidenced by:

- The success of Amazon's Graviton https://aws.amazon.com/ec2/graviton/

- Nvidia is integrating ARM with their GPUs for next gen AI server https://www.nvidia.com/en-us/data-center/grace-cpu/

- The geopolitical or trade war force other countries like China to use ARM as future servers in data centers. Do not ignore this factor. If you know how much Intel's revenue is from China. You know what I talk about. 26% is in 2024; Before trade war, it is close to 40%.

- Cloud is customizing servers based on ARM to lower their cost. The total X86 market did not grow at all if you consider the total revenue of Intel and AMD. That is why Intel and AMD joined together on X86 architecture recently.

GPU is in high demand and may push the stock further. However, AMD's long term threat is ARM in both consumer and server like Intel.

I'm trading AMD, but do not plan to hold it for the long term.

https://seekingalpha.com/article/4741194-amd-downgrade-dont-make-the-mistake-of-buying-just-because-its-cheap

https://www.hpcwire.com/2024/11/18/hpe-and-dell-lay-the-groundwork-for-next-gen-supercomputers/

HPE’s new Cray Supercomputing EX4252 Gen 2 Compute Blade has new technologies that will be part of next-generation exascale systems. The blade will include eight 5th Gen AMD EPYC processors and will ship in Spring 2025.

Up to 64 EX4252 Gen 2 Compute Blades can be packed in one cabinet, delivering up to 98,304 cores.

So look: today is a shortened day and everyone is checked out. The only people who are trading is bots, people way smarter than all of us and suckers. Just do yourself a favor and don’t trade today.

Whatever happens it’s gonna be highly suspect and reverse. Not to mention all of the “here comes a rally” posts I saw on this sub in the past two days bc apparently things are going to be better for China???? Yeaaaaa no.

Take the day off. Do some shopping. But anything but AMD