Here’s Why You Should Be Buying AMD Stock’s Latest Pullback
Advanced Micro Devices (NASDAQ: AMD) investors wasted no time in pressing the panic button after the company slashed its annual guidance. AMD stock sold off after management warned that its top-line growth for the year will now be in the mid-single digits as compared to the earlier forecast for high single-digit growth.
At first glance, it would seem as if AMD stockholders have made the right move by booking profits. After all, shares of the chipmaker have shot up substantially this year, and it made sense to take some money off the table at the first sign of distress. However, AMD's problems shouldn't last for long, because the challenges it's facing are only short term in nature.
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Source Fool.com
