$Advanced Micro Devices(AMD)$ Semi sector got hit hard! Amd ($64.59) down 61% from ATH (164.46)!
How low can it go? Technically speaking, it may go below 50?
The PEG ratio of 1.38 (PE 40, annual growth 29%) indicated it is not cheap at this level unless earning and/or revenue growth can be improved!
Luckily on the fundamental side, its superior technologies and growing market share may help a lot once this down turn ends!
Investors should watch the economy closely. Many semi companies even have low PE of less than 10, of course their growth potential probably not as much as Amd.
For sure, this bear market will end eventually and healthy stocks will survive come out even stronger!
Good luck all!
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