AMD Stock: Here’s Why It’s Dropping And Here’s Why I’m Buying (Rating Upgrade)

Summary:

• Advanced Micro Devices, Inc. stock has struggled over the last 12 months and has recently sold off further.
• The company has made impressive strides in maintaining its lead in the server CPU market and closing the gap with Nvidia in the GPU accelerator market.
• Shares offer favorable risk-reward at these levels.

It has been a disappointing year for Advanced Micro Devices, Inc. (NASDAQ:AMD) shareholders as the stock has significantly underperformed relative to the S&P 500 (SPY), the NASDAQ (QQQ

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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