As of writing this, Confluent CFLT 0.00%↑ is now up 9% after hours after a strong day. What we are beginning to witness is change in sentiment and perception of cloud (and secular growth) stocks once again. This rally is not surprising to me but is apparently still confusing to the talking heads on CNBC and Bloomberg. This is a stock market, not a sector market, meaning that good businesses are good businesses. Good businesses outperform the market over time. At the end of the day, that’s our goal as stock pickers, to outperform the market.
Today’s publication will be designed to be short, clear and concise about the key takeaway’s I have seen with both AMD and Confluent. I will let you know what some of my key take aways are as well as a good interpretation of financial results. The format of each business will be as follows:
Core business thesis
Financial results
Key data points on each call
Advanced Micro Devices AMD 0.00%↑
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