Here’s Why You Should Be Buying AMD Stock’s Latest Pullback [The Motley Fool]
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Here’s Why You Should Be Buying AMD Stock’s Latest Pullback Harsh Chauhan ( TechJunk Aug 0, 09 at 7:7PM Advanced Micro Devices NASDAQ:AMD slashed its annual guidance At first glance, it would seem as if AMD stockholders have made the right move by booking profits. After all, shares of the chipmaker have shot up substantially this year, and it made sense to take some money off the table at the first sign of distress. However, AMD's problems shouldn't last for long, because the challenges it's facing are only short term in nature. Image Source: Getty Images. AMD's problems are temporary AMD's second-quarter results weren't all that great, considering that its revenue fell % annually while operating margin shrank by four percentage points. This weakness is a result of the oversupplied graphics card channel inventory in the aftermath of the cryptocurrency bust The company anticipates $.8 billion in third-quarter revenue at the midpoint of its guidance range, which would be an increase of
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