Profit With AMD

Nov. 21, 2022 6:05 PM ETAdvanced Micro Devices, Inc. (AMD)6 Comments

Summary

  • After a rally off the lows, we suspect there is another opportunity for a rapid-return trade with Advanced Micro Devices, Inc.
  • AMD performance appears to be looking to bottom.
  • PC demand should remain weak, but data center and embedded segments are going to remain strong.
  • Leverage the volatility in your favor.
  • We're currently running a sale at my private investing ideas service, BAD BEAT Investing, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »

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Could the horrifically poor sentiment in the chipmakers finally be turning? In our opinion, sentiment is still negative, but not nearly as poor as it was just a month ago. We assert this as traders, because we came in

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AMD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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