Is the Sell-Off in AMD's Stock Overblown?
Shares of chipmaker Advanced Micro Devices (NASDAQ: AMD) plummeted by more than 17% on Wednesday, after the company reported its latest results the day before. What's puzzling about that response from the market, however, is that the company beat expectations, and its guidance also wasn't concerning.
AMD fell by close to 4% more on Thursday. So what's weighing on the stock right now? And could this slide present a good buying opportunity, or are there reasons to think there's more trouble ahead for AMD?
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Source Fool.com
Advanced Micro Devices Inc. Stock
€430.00
1.240%
The stock is one of the favorites of our community with 105 Buy predictions and 4 Sell predictions.
With a target price of 523 € there is a positive potential of 21.63% for Advanced Micro Devices Inc. compared to the current price of 430.0 €.
