AMD Remains In The Driver's Seat Following Intel's Q3 Earnings

  •  AMD reports Q3 earnings after the close on November 1.
  • Intel provided every indication the chip giant has to boost margins and cut costs reducing any fears of the company dumping chips on the market.
  • AMD remains cheap for the long-term opportunity in Datacenter, but the stock will trade volatile in the short term.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 

Advanced Micro Devices (NASDAQ:AMD) rallied to end last week after Intel (INTC) reported better than feared results. The chip giant was feared to have caused the inventory problem leading to the big preliminary cut to Q3'22 estimates for AMD. My investment thesis is very Bullish on the company ultimately taking market share from Intel as the inventory correction in the PC market is resolved by next year.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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