-
Posted by
Two Blokes Apr 17 -
Filed in
Stock
-
15 views
Advanced Micro Devices, Inc. is the value pick of the current market sell-off and the new U.S. restrictions just made it that much more attractive. AMD stock is about to repeat its 2022 rally, in my opinion, and all the worst news is already priced into the stock. AMD's stock is trading at its lowest valuation since 2022, with a forward PE of 19x and below all its EMAs at $88.2 per share, signaling a potential rebound.
