Should You Sell AMD Stock This Earnings Season?
With shares down 41% so far in 2022, Advanced Micro Devices (NASDAQ: AMD) investors will be hoping for a turnaround in the stock's fortunes when the company releases its first-quarter results on May 3.
AMD stock jumped nicely in February 2022 after the company reported better-than-expected results for the fourth quarter of 2021. But it failed to sustain that momentum thanks to factors out of its control, such as the Russia-Ukraine war, surging inflation, and interest rate hikes by the Federal Reserve that turned out to be a pain for richly valued tech stocks.
Let's see what could be in store for this semiconductor stock this earnings season.
Source Fool.com
