AMD's post-earnings performance warrants consideration: All results exceeded expectations – revenue, operating profit, data center revenue, and EPS all significantly surpassed expectations. However, the Q1 revenue guidance wasn't explosive enough, causing the stock to drop 8% in after-hours trading. The current market needs explosive news to support further upward movement; if the earnings data isn't compelling enough, profit-taking is likely. The core logic is that investors are more concerned with the growth pace, marginal changes in future guidance, and potential cost/market share pressures in the large-scale competition of AI. In a high-expectation environment, any aspect that doesn't fully exceed expectations or significantly increased expenses could amplify selling pressure. A deeper reason: The bulls have largely exhausted their ammunition, and further upward momentum may be insufficient. Short positions have been reduced to a minimum, meaning there's not much fuel left for a short squeeze.

I agree, there's practically no liquidity left. Upward momentum is weak, but there's still room to fall.

Yes, if the performance is good but not explosive, then the valuation will be reduced; if the performance has flaws, then the performance will be reduced. After the adjustment, everyone can confidently get on board again 😅

Squat down in a spot and get back on the bus