Should I consider AMD now?
Amid declining revenue and a rising stock price, it is probably "too late" to buy in the near term. The massive climb in 2023 has dramatically increased its valuation, and the Q2 outlook indicates revenue declines will continue for now. That could dampen enthusiasm for the stock, causing it to fall short term.
Still, AMD continues to look strong from a long-term perspective, and investors should watch the stock closely. Should AMD enter correction territory, investors should consider adding shares. $Advanced Micro Devices (AMD.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$
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