Why AMD Is Likely Heading Much Higher
AMDAMD(AMD) Seeking Alpha·2024-08-01 00:45

sankai In my most recent analysis, I expressed my bullish view regarding Advanced Micro Devices, Inc. (NASDAQ:AMD). AMD has been on a rollercoaster ride, first up, then down, since then. More precisely, AMD's stock was hammered during the recent tech pullback period, undergoing one of the most dramatic declines out of any high-profile chip stocks. Shares of the chip giant cratered by nearly 30% from a high of around 190aroundearly/midJulytojust190 around early/mid-July to just 135 recently. If we look back to AMD's March peak of aro ...