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MarketBeat
Business
Thomas Hughes

AMD Stock Signals Strong Buy Ahead of Earnings

AMD MarketBeat Nvidia
[content-module:CompanyOverview|NASDAQ:AMD]

Advanced Micro Devices' (NASDAQ: AMD) stock price has retraced 100% of the AI-induced bubble, and offers a technical and fundamental entry point too good to pass up. The stock price is trading below the AI bubble launch point at the end of April, at the low end of the analysts’ target range, with no premium attached to the developments of the past two years.

Those include the combined effects of normalizing legacy markets and accelerating growth in data centers. AMD isn't NVIDIA and will likely never experience the same revenue surge. 

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