AMD Stock is in Serious Trouble (Still Worth Buying?)

AMD stock is in serious trouble. Demand for their CPUs and GPUs is drying up fast. AMD expects to lose over a billion dollars in revenue as a result. And THAT’S just for this one quarter. We’ll find out just how bad the damage is for these semiconductor #stocks in a few weeks when they report their earnings. But with #amd stock being down over 60% year to date and down over 40% in the last 2 months alone, now’s a great time to see if AMD is one of the best stocks to buy now or if their collapse has just begun.

📝 Resources & References 📝
AMD stock falls on Barclays downgrade (CNBC): https://www.youtube.com/watch?v=DzGnh8dCmJQ

AMD Announces Preliminary Third Quarter 2022 Financial Results: https://ir.amd.com/news-events/press-releases/detail/1093/amd-announces-preliminary-third-quarter-2022-financial

Desktop CPU Sales Lowest in 30 Years, AMD Gains Market Share Anyway (Updated): https://www.tomshardware.com/news/lowest-cpu-shipments-in-30-years-amd-intel-q2-2022-cpu-market-share

Total unit shipments of personal computers (PCs) worldwide from 2006 to 2022: https://www.statista.com/statistics/273495/global-shipments-of-personal-computers-since-2006/

Mobile gaming rakes in far more money than PC and console: https://www.cultofmac.com/777811/mobile-gaming-rakes-in-far-more-money-than-pc-and-console/

The rise and rise of media on your mobile phone – in one chart: https://www.weforum.org/agenda/2021/05/rise-of-media-on-mobile-phone-chart/

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