AI Datacenter And PC Demand Make AMD A Bargain
AMDAMD(AMD) Seeking Alpha·2024-08-17 06:37
Javier Lizarazo Guerra/iStock via Getty Images I last wrote about Advanced Micro Devices, Inc. (NASDAQ:AMD) on March 30th, 2023, recommending it as a Hold at $98 per share, to buy if the price dropped between $75-$80. My thesis was that it was on the comeback trail, and while its two cyclical divisions would take time to come out of their troughs, overall, the company had enough strengths to do well in the upcoming years. I did buy in the mid-eighties in May, and then added over $100, believing that it  ...