Run Towards AMD's Pullback, Not Away From It (Rating Upgrade)
Advanced Micro Devices, Inc. (NASDAQ: AMD ) stock fell over 6% last Friday as investors became wary of weaker-than-expected demand for its AI chips. Several analysts flagged signs of slowing demand; Seaport Global downgraded AMD from Buy toI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI bo ...