Why is AMD stock starting to look like a chip bargain?

NASDAQ:AMD   Advanced Micro Devices Inc
/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices , as the chipmaker's products are still cutting edge and indispensable.

The modern world cannot exist without microprocessors. They control our cars, computers, and phones. There would be no Internet of Things without semiconductors. And Advanced Micro Devices makes some of the most powerful chips on the market, InvestorPlace writes.

So contrarian investors can lean into the volatility and grab Advanced Micro Devices stock before it gets expensive again. Chip market opportunities like this are rare and can be quite lucrative for daring traders.

//Positive catalysts are not included in AMD stock

It's amazing how quickly investors can forget about positive news. As soon as an obvious disaster happens (like the Sino-US tech war), it grabs people's attention and sometimes they panic and sell perfectly good stocks.

///What can you do now?

To a large extent, the tension between the US and China has already affected AMD shares. Surprisingly, the stock has lost half its value this year.

In addition, Advanced Micro Devices continues to threaten its competitors with premium products. Therefore, AMD investors should stay in the trade and consider adding to their positions while the stock is still cheap.


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