This stock could go to $1,000‼️

AMD stock recently closed over $300 a share, reaching $303, marking a new all-time high and a 252% increase in the past year. This surge has resulted in significant gains in the public account, with a $48,000 increase on AMD stock, bringing the total profit to $490,000. The public account itself has grown from $3.1 million to $3.85 million in about three weeks, illustrating the rapid shifts possible in the stock market. The stock's recent breakthrough past the $290 average analyst price target was a key event, leading directly to the $300 mark. This movement puts pressure on analysts to revise their price targets upwards to maintain a bullish stance. The further the stock climbs above current targets, the more extreme these upward revisions are likely to be, creating a positive feedback loop that accelerates the stock's ascent. The next significant price range to watch for AMD is between $365 and $380, which represents the current highest analyst price targets. Surpassing this range could lead to a rapid move towards $400 and beyond. Analysts are already reacting to AMD's performance. For example, Stifel recently raised its AMD price target by 14.3%, from $280 to $320, while maintaining a buy rating. This adjustment, driven by growing confidence in AMD's role in AI infrastructure, highlights the reactive nature of Wall Street. The speaker suggests that retail investors have an advantage by conducting early research and identifying trends before Wall Street, which often moves slowly in recognizing a stock's potential. Palantir is cited as an example, where Wall Street only started paying serious attention after the stock had already seen substantial gains. Regarding how to manage a stock like AMD that is experiencing such a significant run, the speaker advises against premature selling. Many investors who sold Palantir at earlier stages missed out on larger gains. AMD is currently viewed as a "freight train" that investors should ride as long as possible, as its fundamental business model has undergone significant positive changes, particularly with its AI chips and CPU chips. Dr. Lisa Su, AMD's CEO, has projected a compound annual growth rate of approximately 35% for many years, and she is known to be conservative in her estimates, suggesting even higher actual growth. The speaker emphasizes that taking risks in individual stocks is for "outlier situations" like AMD, where substantial gains can be made to offset any losses from other investments. The long-term bull case for AMD suggests it could become a $1,000+ stock by 2029 and potentially $2,000+ by 2030, with a base case of reaching $1,000. Given these projections, the current $300 price is considered early in the stock's potential trajectory. The first range to consider taking some profits, potentially just to recover the initial investment, is in the $400 to $500 range. The speaker personally has no interest in taking profits yet. In broader market news, a significant amount of money, estimated at $8.2 trillion (and potentially up to $8.5 trillion), is currently held in money market funds. This substantial capital on the sidelines represents a "money problem" where wealthy individuals are waiting for market corrections. This means that any dips in the market are likely to be met with a rapid influx of money, leading to quick recoveries. Investor sentiment also shows that nearly 43% of investors are bearish on the market for the next six months, which is higher than the historical average, suggesting there's still a large pool of bears who could eventually turn bullish and further fuel market growth. A "banger stock" that recently reported earnings is Service Now (ticker symbol NOW). The company exhibits strong, predictable revenue and profit growth, has a proven CEO, and solid financial statements, trading at a forward P/E under 25. Service Now's Q1 2026 earnings exceeded guidance across all top-line growth and profitability metrics, with subscription revenues at $3.7 billion (22% year-over-year growth) and total revenues at $3.77 billion (22% growth). Importantly, current remaining performance obligations (cRPO) grew by 22.5%, and total remaining performance obligations (RPO) grew by 25%, both exceeding revenue growth, which is a positive sign for future revenue. Customers spending over $1 million annually also grew by 130% year-over-year. However, Service Now faced challenges with expenses, as the cost of revenues increased by 46% for subscriptions and 33% for professional services, leading to a 44% increase in total cost of revenue. Gross profit grew by 16%, less than revenue. Total operating expenses increased by 17%, faster than gross profit, resulting in a 12% growth in income from operations. A significant 115% increase in income tax provision led to only a 2% increase in net income and diluted EPS, a departure from its usual rapid EPS growth. The speaker views these expense issues as short-term, attributing them to recent acquisitions, substantial AI investments, and stock-based compensation. The CEO's indication that headcount will remain stable suggests that expense growth will moderate. The expectation is that expenses will be resolved within 9 to 15 months, leading to a rapid increase in earnings per share. The company's balance sheet is strong, with $2.7 billion in cash and equivalents, $2.5 billion in marketable securities, and long-term debt of approximately $1.5 billion. Service Now is considered a "scoop up" opportunity for long-term holding (3-7 years), with the expectation of significant future growth.