The technical levels show a negative momentum divergence, which usually flags a bearish reversal of the trend. At this point AMD is making a double top with the previous ATH, and unless it gains traction enough it will tray to break it, the volume is weakening and so the momentum, so this doesn't seem to be the likely scenario. The indexes in general and the other important stocks are showing the similar weakening patterns. I wouldn't be surprised if even if the ER show good numbers, the market would try to take it down.
AMD is one of those stocks that doesn't make any fundamental sense. With PE above 100x and earnings growth basically flat, all speculation sits on revenue growth and server CPU market share. Once volatility picks back up and fear rules the headlines once more, great time to short.
transparent-fx
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appreciate that you are willing to share your view, i'm sure you would also like my content, go take a check if wish
ICEKI
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@transparent-fx, That very true; sharing the point of view is not as easy as others people thought because of public pressure.....