{"id":37775,"date":"2026-02-05T04:54:31","date_gmt":"2026-02-05T04:54:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/th\/uncategorized\/37775\/"},"modified":"2026-02-05T04:54:31","modified_gmt":"2026-02-05T04:54:31","slug":"%e0%b9%81%e0%b8%a1%e0%b9%89%e0%b8%88%e0%b8%b0%e0%b9%80%e0%b8%81%e0%b8%b4%e0%b8%99%e0%b8%84%e0%b8%a7%e0%b8%b2%e0%b8%a1%e0%b8%84%e0%b8%b2%e0%b8%94%e0%b8%ab%e0%b8%a7%e0%b8%b1%e0%b8%87%e0%b8%94%e0%b9%89","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/th-asia\/live-updates\/37775\/","title":{"rendered":"\u0e41\u0e21\u0e49\u0e08\u0e30\u0e40\u0e01\u0e34\u0e19\u0e04\u0e27\u0e32\u0e21\u0e04\u0e32\u0e14\u0e2b\u0e27\u0e31\u0e07\u0e14\u0e49\u0e32\u0e19\u0e23\u0e32\u0e22\u0e44\u0e14\u0e49 \u0e41\u0e15\u0e48\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17 Advanced Micro Devices, Inc. \u0e22\u0e31\u0e07\u0e44\u0e21\u0e48\u0e2a\u0e32\u0e21\u0e32\u0e23\u0e16\u0e15\u0e2d\u0e1a\u0e2a\u0e19\u0e2d\u0e07\u0e15\u0e48\u0e2d\u0e04\u0e27\u0e32\u0e21\u0e17\u0e30\u0e40\u0e22\u0e2d\u0e17\u0e30\u0e22\u0e32\u0e19\u0e14\u0e49\u0e32\u0e19 AI \u0e02\u0e2d\u0e07\u0e15\u0e25\u0e32\u0e14\u0e44\u0e14\u0e49"},"content":{"rendered":"Heading into the earnings report, Advanced Micro Devices, Inc. (AMD) faced high expectations. The semiconductor market is focused on AI GPU progress. AMD aimed to close the gap with Nvidia Corporation while maintaining good profit margins. There was a desire for proof of consistent AI demand without relying on location or mix effects.\n\nAMD reported revenue of $10.27 billion, surpassing the expected $9.9 billion, and an adjusted earnings per share (EPS) of $1.53 against an expected $1.46. Despite these solid numbers, concerns arose over the nature of the growth, linked to short-term China-related AI sales. Analysts noted reduced data-center performance once these are considered.\n\nThe stock declined despite the positive results due to concerns over AI execution speed and valuation expectations. Analysts doubted AMD&#8217;s capability to quickly gain ground in AI GPUs compared to Nvidia. Valuation included rapid AI earnings growth, triggering a sell-off due to perceived uncertainty in margin and demand sustainability.\n\nAMD must demonstrate continuous and diverse GPU growth and maintain profit margin strength. Future factors could include large-scale deployments and improved margins through sustained data-center AI revenue. Currently oversold, a recovery depends on evidence of scalable AI revenue and margin improvements. The market seeks proof of AI translating into reliable earnings rather than just promising narratives.\n\nAMD&#8217;s earnings report illustrates that strong numbers were not enough to satisfy an eager market for AI. The stock&#8217;s sell-off indicates that any perceived weakness in the AI growth story, especially against a strong competitor, will be penalized.  \n\nThe market\u2019s skepticism is rooted in data from last year. Looking back, we saw Nvidia consistently hold over 80% of the data center AI chip market, creating a high bar for any competitor. This history makes investors question if AMD&#8217;s MI300 series can gain meaningful share quickly enough to justify its high value.\n\nFor traders, the drop in implied volatility after the earnings announcement is the most immediate factor. Options are now significantly cheaper than last week, making it less costly to establish new positions. This environment favors buying options over selling them, as the risk from volatility has decreased.\n\nThe stock is currently at an oversold level with an RSI near 29 and testing the key $195-$200 support range. Traders might consider buying call spreads, targeting a short-term bounce or return to average. Selling cash-secured puts with a strike price below $195 could also be a good strategy to collect premium while establishing a lower entry point.\n\nConversely, the negative response to a good report is a major red flag for momentum. Traders should watch the $195 level closely, as a break below could signal further decline. Buying puts or put spreads would be a direct way to position for a continued sell-off if the situation does not improve.\n\nThe key factors in the coming weeks will be announcements of new customer wins, particularly from large cloud providers. We are watching for more news similar to the deployments with Microsoft Azure we saw previously, as this provides tangible proof of market adoption.\n<p>\n\n<p><strong>\u0e40\u0e23\u0e34\u0e48\u0e21\u0e0b\u0e37\u0e49\u0e2d\u0e02\u0e32\u0e22\u0e17\u0e31\u0e19\u0e17\u0e35 &#8211; \u0e04\u0e25\u0e34\u0e01<a href=\"https:\/\/www.vtmarkets.com\/th\/trade-now\/\">\u0e17\u0e35\u0e48\u0e19\u0e35\u0e48<\/a> \u0e40\u0e1e\u0e37\u0e48\u0e2d\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e1a\u0e31\u0e0d\u0e0a\u0e35\u0e08\u0e23\u0e34\u0e07\u0e02\u0e2d\u0e07 VT Markets <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>AMD \u0e23\u0e32\u0e22\u0e07\u0e32\u0e19\u0e23\u0e32\u0e22\u0e44\u0e14\u0e49 10.27 \u0e1e\u0e31\u0e19\u0e25\u0e49\u0e32\u0e19\u0e14\u0e2d\u0e25\u0e25\u0e32\u0e23\u0e4c \u0e40\u0e01\u0e34\u0e19\u0e04\u0e32\u0e14 \u0e41\u0e15\u0e48\u0e2b\u0e38\u0e49\u0e19\u0e14\u0e34\u0e48\u0e07\u0e40\u0e1e\u0e23\u0e32\u0e30\u0e04\u0e27\u0e32\u0e21\u0e01\u0e31\u0e07\u0e27\u0e25\u0e40\u0e01\u0e35\u0e48\u0e22\u0e27\u0e01\u0e31\u0e1a\u0e01\u0e32\u0e23\u0e40\u0e15\u0e34\u0e1a\u0e42\u0e15 AI \u0e40\u0e17\u0e35\u0e22\u0e1a\u0e01\u0e31\u0e1a Nvidia \u0e19\u0e31\u0e01\u0e25\u0e07\u0e17\u0e38\u0e19\u0e15\u0e49\u0e2d\u0e07\u0e08\u0e31\u0e1a\u0e15\u0e32\u0e04\u0e27\u0e32\u0e21\u0e2a\u0e33\u0e40\u0e23\u0e47\u0e08\u0e43\u0e19\u0e01\u0e32\u0e23\u0e2a\u0e23\u0e49\u0e32\u0e07\u0e23\u0e32\u0e22\u0e44\u0e14\u0e49\u0e08\u0e32\u0e01 AI \u0e15\u0e48\u0e2d\u0e44\u0e1b!<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-37775","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/comments?post=37775"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/posts\/37775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/media?parent=37775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/categories?post=37775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/th-asia\/wp-json\/wp\/v2\/tags?post=37775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}