Short interest in AMD dropped by a massive 39.9% in the latest cycle. The chipmaker has several growth catalysts lined up for the foreseeable future, and its shares are trading at attractive valuations, which is probably scaring the shorts away. Investors may want to accumulate AMD's shares on price corrections.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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