$Advanced Micro Devices(AMD)$ AMD won’t go up at all from now until earnings on Oct 29th. It typically drops 5%-10% in the 2 weeks prior to earnings, so next week will be interesting. There’s been no positive catalysts in the last month to warrant a run up prior to earnings day. In-line earnings and forecast will sink the stock. This earnings is crucial for AMD. They need a big beat and more importantly a raising of forecast. Anything short of a beat / raise will send AMD red for the remainder of 2024.
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