Saw this on hackernews
"Just curious any people own $AMD shares? I was surprised to learn that AMD is the second most owned company on Robinhood trading platform behind Apple. I bought in at $10.47 after last earnings absolutely destroyed it. Just sold right before current earnings at $14.12 and looking to maybe buy back in lower than I sold for. Closed today at $13.61.
nsxwolf 8 hours ago [-]
Who is this for then? I should just go Nvidia for my gaming rig?
The RX 480 last year had an amazing price/performance ratio. It was a very exciting product for the mid range gamer. It seems with Vega they are offering slightly worse than Nvidia’s high end for slightly less money.
Better performance at the same price would have been compelling. Slightly worse at a bargain price would have been compelling.
Plus, you won’t be able to buy these anyway because of mining. This is just sad. Maybe they should just remarket themselves as a mining company."
So that’s where all this bad press I see in youtube comments sections and other places is coming from! Filthy fucking short term investors who want to see vega to flop so they can scoop up AMD shares when they’re cheap and then sell just before/after Navi ( which will be amazing) comes out so they can make a killing!
Everyone buy vega so they have to buy AMD stock at a price higher than what they sold for! They’ll feel dumb and hopefully loose a job