AMD: Buy The Dip And Ignore The Punditry - Advanced Micro Devices, Inc. (NASDAQ:AMD) | Seeking Alpha
AMD likely to bounce higher as sentiment among analysts trended higher and expectations mount for analyst day.
Stock hovering above 200-Day moving average, implying upside from here despite diminished expectations on Q2'17 results.
Channel data came through as positive, and increases to inventory pertains to "work in process." I.e. heightened fab utilization.
Increases to inventory suggests production ramp ahead of 2H'17 seasonality, with estimates on growth likely to trend higher.
As such, we maintain our positive stance on shares and anticipate upside over the next couple weeks.
Read full article from AMD: Buy The Dip And Ignore The Punditry - Advanced Micro Devices, Inc. (NASDAQ:AMD) | Seeking Alpha
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