Reddit's AI Bull Thesis Just Got Validated: WSB Isn't Wrong This Time
WSB's favorite semiconductor trade is printing, and the upvote crowd is feeling very smug right now
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| AMD ADVANCED MICRO DEVICES INC | buy | $415.01 | — | — | — |
| LRCX LAM RESEARCH CORP | hold | $296.00 | — | — | — |
| KHC Kraft Heinz Co | buy | $23.30 | — | — | — |
| CVS CVS HEALTH Corp | buy | $86.85 | — | — | — |
| ZG ZILLOW GROUP, INC. | hold | $42.25 | — | — | — |
| MSFT MICROSOFT CORP | buy | $413.47 | — | — | — |
| ZETA Zeta Global Holdings Corp. | hold | $17.13 | — | — | — |
| FLUT Flutter Entertainment plc | sell | $100.04 | — | — | — |
| DKNG DraftKings Inc. | hold | $24.01 | — | — | — |
Let's talk about the Reddit investing community's current mood: insufferably correct. $AMD just posted an 18% single-day surge after crushing earnings and dropping an upbeat Q2 forecast, with Goldman Sachs piling on with a fresh buy upgrade citing AMD as an 'outsized beneficiary of enterprise agentic AI adoption.' The DD threads on r/investing and WSB that called this as a Nvidia alternative have been getting screenshot-saved all week.
The bull case isn't hard to follow. Tom Lee's Fundstrat note circulating in Reddit threads this week flags the semiconductor index trading at just 22x forward P/E — well below its 20-year high of 35x — while AI is projected to add ~2 percentage points to US GDP annually for the next five years. Meanwhile, Lumentum — the photonics company connecting all those Nvidia and AMD compute clusters inside hyperscaler data centers — is up ~1,300% over the past 12 months, which is the kind of number that makes you question your life choices.
The S&P closed above 7,300 for the first time ever, semiconductors led the charge, and the Reddit options flow crowd is now pointing to Kraft Heinz's new NFL partnership as the only boring thing that happened today — and honestly, even Heinz is having a moment.