Cathie Wood Just Bought the Dip in AMD Stock. Should You?

Advanced Micro Devices (AMD) has spent the past year riding the AI wave, powered by growing demand for its Instinct accelerators and EPYC data-center processors. The chipmaker just posted another strong quarter, with revenue jumping 34% year-over-year (YoY) as data center sales climbed 39%.

Still, Wall Street wasn’t impressed. After reporting fourth-quarter results and issuing guidance that topped consensus, AMD shares dropped more than 23% in a sharp post-earnings selloff last week. That pullback quickly caught the attention of Cathie Wood.