The market had gone overboard with their expectations. AMD had gone from under $100 to over $200. At this $150 level, it is anybody's guess if this is the correct price. 

I feel the market have gine into a sell-in-May phase. Better to wait a few weeks before taking positions.

AMD Stock Tumbles After Earnings -- Is Now the Time to Buy This Top AI Stock?

Key PointsAdvanced Micro Devices had a lackluster quarter, leading the analysts to lower their targets.Guidance is good and forecasts a sequential acceleration and a YOY acceleration compared to last quarter.Analysts remain bullish on this stock and see it advancing by double-digits.Advanced Micro Devices share prices inflated in 2023 and early 2024 on hopes for an AI boom like NVIDIA . The share price is down 35% from that peak because the boom didn’t happen, or did it?
AMD Stock Tumbles After Earnings -- Is Now the Time to Buy This Top AI Stock?

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  • NinaEmmie
    ·05-07
    It's hard to say if $150 is the right price for AMD.
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  • chizzoo
    ·05-07
    I think it's wise to wait and see how things play out before making any moves.
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