Down 40% In 4 Months, Is AMD Stock A Buy Ahead Of Earnings?
AMDAMD(AMD) Seeking Alpha·2024-07-30 20:00
Justin Sullivan Introduction Since striking a blow-off top in early March, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has tumbled by nearly 40%. It is now trading virtually flat for the year going into today's quarterly report — underperforming its semiconductor industry peers [Nvidia (NVDA), Broadcom (AVGO), VanEck Semiconductor ETF (SMH)], and the broader stock market [S&P-500 (SPY)].   GoogleFinance If you have been following my work on AMD, you know that I was “bearish” on this semiconductor gi ...