AMD Stock Needs To Dip Lower Before I Buy [Seeking Alpha]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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US:NYSE Investor Relations:
ir.amd.com/investor-overview
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Source: Seeking Alpha
In the long term, I don't have enough evidence to question AMD's business growth. However, business growth is not the same as stock growth. As far as I see it, AMD appears to be overvalued by 11.3% from the current price even under one of the most optimistic assumptions regarding business growth. Perhaps buying the dip will make sense after a further 15-20% decline with fundamentals holding steady, but now it seems like a reckless idea to me. For now, I reiterate my previous "Hold" rating for AMD stock. I do much more than just articles at Beyond the Wall Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Introduction I initiated coverage of Advanced Micro Devices, Inc. NASDAQ: AMD ) stock in August 2023 and rated it a "Sell" at the time. However, the market had its own opinion on the company, so the stock continued to rise despite being overvalued (based on almost every single multiple). More than three months ago , I
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AMD
News
- Advanced Micro Devices, Inc. (NASDAQ: AMD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Should You Buy Advanced Micro Devices (AMD) Ahead of Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Unlocking Q1 Potential of Advanced Micro (AMD): Exploring Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
- 12 Best Growth Stocks to Buy and Hold in 2024 [Yahoo! Finance]Yahoo! Finance
- 4 Semiconductor Stocks Likely to Beat Earnings Estimates [Yahoo! Finance]Yahoo! Finance
AMD
Earnings
- 1/30/24 - Beat
AMD
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- AMD's page on the SEC website