AMD: Golden Buying Opportunity After Sentiment-Driven Selloff
Seeking Alpha••technology
Key Points:
- Advanced Micro Devices (AMD) shares have dropped nearly 20% since late October, primarily due to negative market sentiment rather than company fundamentals.
- AMD reported strong Q3 results, surpassing revenue expectations by 5.6% and achieving 35.6% year-over-year revenue growth, outperforming its Q2 performance.
- Forward revenue growth revisions remain positive, indicating continued confidence in AMD's growth prospects, especially with accelerating AI-related demand.
- With a forward price-to-earnings ratio below 15 for fiscal year 2028, AMD stock is considered attractively valued given its growth trajectory and AI tailwinds.
- The analyst maintains a beneficial long position in AMD and views the recent selloff as a golden buying opportunity based on
