AMD: More Magic Left
The market is too focused on where AMD came from in this cycle due to irrational lows.
Compared to past trends with Intel, AMD hasn't reached market share levels, EPS numbers, or stock prices to even closely match past achievements.
Analysts are only tepidly bullish on AMD with the majority of analysts having Hold or Sell ratings.
The dip to $26 is an opportunity after a weak market over the last week.
Historically, Advanced Micro Devices (AMD) has generated a more volatile earnings trend than that of rival Intel (INTC). The weak link in the market always takes the hardest hit in down cycles as the market leader can squeeze profits. The recent dip in AMD to $26 is due in part to misplaced market fears that Intel is roaring back to life to reinsert their dominance. The data doesn't support this scenario, keeping us bullish on AMD having more magic left in this cycle.
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