Stock rated "heck if we know"

You don’t see this everyday. An analyst is rating AMD as “a heck if we know”, which is being called the equivalent to a hold rating.

Richard’s call is based on his view that investor expectations for AI chip growth have spilled into “irrational exuberance.” He predicts total AI chip revenue of $125 billion in 2027 and says the range of expectations is so great that some analysts are estimating $100 billion and others are at $400 billion.

“AI is big, it’s really big, just not as big as investors are thinking,” Richard wrote.

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