3 Reasons AMD Stock Could Surprise the Bears
Semiconductor stocks have been a good place to invest in recent years, but it's been a rough start to 2022. The PHLX Semiconductor Sector index has dropped 8.1% year to date, while the Nasdaq Composite has performed a bit better, down 6.1% at the time of writing.
AMD data by YCharts
Some investors are concerned about companies that depend on Taiwan Semiconductor Manufacturing for foundry services, which include many of the leading chip stocks. The Ukraine-Russia war has some investors thinking ahead to what a Chinese takeover of Taiwan would do to the supply chain, including Advanced Micro Devices (NASDAQ: AMD).
Source Fool.com
