AMD: Already Baked In
- AMD is now priced for serious weakness in the chip business while the data continues to support strong growth.
- The company remains supply constrained with Intel still forecasting chip challenges until 2024.
- The stock trades at only 15.5x '23 EPS targets, providing plenty of cushion for unexpected weakness.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
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