With five of the “Magnificent Seven” already reporting their third quarter results, all eyes turned to Advanced Micro Devices (AMD:NASDAQ) reporting last Tuesday, and Apple (AAPL:NASDAQ) reporting after last Thursday’s close. While technically not a member of the “Magnificent Seven” group, AMD is often referred to as a “Baby Nvidia” given that its newest artificial intelligence (AI) chips are possible “competitors” for Nvidia’s cutting edge H100 chips. Nvidia (NVDA:NASDAQ) will report Q3 earnings on November 21, the last of the “Magnificent Seven” to report its third quarter results.
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By Charles Marleau CIM® and William Mitchell CIM®