Why AMD Stock Is Still a Buy Despite the Recent Selloff

Advanced Micro Devices (NASDAQ:AMD) recently reported strong second quarter (Q2) results with $5.8 billion in revenue and 69 cents in EPS, marking a 9% top-line increase and a turnaround to operating profit. Despite a 25% drop in stock price over six months, AMD’s record 115% data center revenue growth and overall progress suggest it remains a solid artificial intelligence (AI) investment opportunity.AMD plans to release new AI chips annually, starting with the MI325X in Q4 and the MI400 by 2026. Despite su ...

Why AMD Stock Is Still a Buy Despite the Recent Selloff - Reportify