3 Reasons to Buy AMD, and 1 Reason to Sell
The stock of Advanced Micro Devices (NASDAQ: AMD) held steady after the chipmaker posted its third-quarter earnings report on Tuesday.
Its revenue rose 54% year over year to $4.31 billion, beating estimates by $200 million. Its adjusted net income increased 78% to $893 million, or $0.73 per share, which also cleared expectations by $0.07. For the fourth quarter, AMD expects its revenue to rise about 39% year over year, compared to analysts' expectations for 31% growth.
Those headline numbers are impressive, but investors might be reluctant to touch AMD's stock after its price has advanced about 50% over the past 12 months. Let's examine three reasons to buy AMD right now (as well as one reason to sell it) to see if this hot chipmaker is still a worthwhile investment.
Source Fool.com
