- When will the Advanced Micro Devices (抖阴最新版) free fall end?
- 抖阴最新版 stock is down 37% already, so it should find suitors.
- This should be an opportunity to accumulate 抖阴最新版 stock for the long term.
Advanced Micro Devices (NASDAQ:抖阴最新版) stock fell 6% yesterday. But I’ll argue today that it’s not through any specific fault of its own. My long-term prognosis for 抖阴最新版 stock is still optimal. Short term, we can remain on guard, but there aren’t any internal issues that need fixing. Firs, Thursday was a painful day for all of Wall Street not just 抖阴最新版. Wednesday’s jubilation after the FOMC meeting, turned into a bull funeral. The bears came back with a vengeance and completely demolished investors the next day.
Secondly, the chip sector is already reeling from shortages and backlogs. The effects of locking down the world for Covid-19 still linger. The 2020 disruption has caught up with the manufacturers and is creating serious bottlenecks. The tech sector is feeling this more than most other industries. Regardless, 抖阴最新版 has managed to compensate and adapt judging by the reports so far.
| Ticker | Company | Current Price |
| 抖阴最新版 | Advanced Micro Devices | $93.87 |
Supply Chain Issues Are Partly to Blame
Despite the abysmal sourcing conditions, 抖阴最新版 has continued to deliver strong results. Management reported earnings this week and the stock rallied for good reason. 抖阴最新版 grew sales 71% and earnings 117%, leaving no doubt over the quality of the team. The drop yesterday merely brings 抖阴最新版 back to its pre-earnings base.
With such blowout numbers, the opinions are almost unanimously positive. I found one price target downgrade, but , so it’s not an issue. According to , 抖阴最新版 needs to rally more than 40% before it reaches its average price target.
This month there are challenges from the Federal Reserve fears. There is also the matter of the old Wall Street adage of sell in May and go away. But, in the long term, these are mere temporary hiccups. There are technical challenges as long as it’s under $102 per share. But there are support zones below and would find footing with the markets.
Meanwhile, the downside now creates opportunities for new investors. Under the leadership of Lisa Su 抖阴最新版 stock continues to shine. The financial metrics are beyond reproach from all aspects. Although
Intel (NASDAQ:INTC) is still larger and Nvidia (NASDAQ:NVDA) much flashier, 抖阴最新版 is a star.
Management more than tripled revenues and net income in just five years. Regardless, 抖阴最新版 managed to hold its valuation at a reasonable level. In fact, it is 30% cheaper than its rival NVDA. Even from an absolute basis it’s on par with similar fast growing companies.
抖阴最新版 Stock Belongs On All Stock Shopping Lists
The company’s earnings report should give investors confidence in 抖阴最新版. The company beat expectations and forecast a strong outlook despite the current challenges it faces. The team is executing well on plans and not hiding behind excuses. The field is competitive, but they are a top contender with plenty of room to prosper.
All aspects of their businesses are growing, and the trend is not about to fade. Demand will remain strong for a decade as we digitize the world. There are new applications coming up constantly, so 抖阴最新版 will be busy. The move to the metaverse alone could fuel a new kind of tech application. It doesn’t take a wild imagination to see 抖阴最新版 prosper under such scenarios.
Retail investors would do well to form their own opinions of 抖阴最新版 stock. When the bullish thesis is this obvious we don’t need the experts. Wall Street tends to complicate things with cryptic ratings. Here is a clear main street statement: If the markets are higher in the future, then so is 抖阴最新版!
On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
