Both surged this week, but the contracts for $AMD were driven by a buildup of new positions, while $AVGO barely added to its positions.
After Jensen Huang resigned and CFO Kress became interim CEO, money shifted toward rivals. According to reports, AMD is poised for its best week in a decade, while Broadcom is on track for its best week since going public.
▪️ AMD contracts: November 5 low of 400.1 → around 585; coins held rose from 40,200 to 86,300 in 28 hours
▪️ AVGO contracts: low of 289.2 → around 363; coins held fell from 65,600 to 64,800
▪️ AMD long-to-short account ratio was around 0.93 last night, with more accounts short
My take: Broadcom looks more like it’s being driven by spot buying, while both longs and shorts are adding to their positions in AMD contracts, which could mean bigger swings. At Friday’s close, which one will give back gains first?
#美股 #AI chips
After Jensen Huang resigned and CFO Kress became interim CEO, money shifted toward rivals. According to reports, AMD is poised for its best week in a decade, while Broadcom is on track for its best week since going public.
▪️ AMD contracts: November 5 low of 400.1 → around 585; coins held rose from 40,200 to 86,300 in 28 hours
▪️ AVGO contracts: low of 289.2 → around 363; coins held fell from 65,600 to 64,800
▪️ AMD long-to-short account ratio was around 0.93 last night, with more accounts short
My take: Broadcom looks more like it’s being driven by spot buying, while both longs and shorts are adding to their positions in AMD contracts, which could mean bigger swings. At Friday’s close, which one will give back gains first?
#美股 #AI chips