AMD: TSMC Predicts The Chip Bottom
- AMD continues to face a PC chip inventory correction that could impact Q1 results on May 2 and lower Q2 guidance.
- Investors got good news from TSMC forecasting a bottom in the inventory correction.
- The stock is cheap based on a quick ramp to a $5 to $6 EPS based on server demand and future AI chips.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »