A Change of Heart: Why I Upgraded AMD Stock from “Sell” to “Neutral”
From Skeptic to Believer
In August 2023, I made a bold call, assigning a “Sell” rating to Advanced Micro Devices, Inc. (NASDAQ:AMD) stock. However, as the year drew to a close, I was forced to eat my words. In December 2023, I upgraded AMD to a “Neutral” rating, acknowledging my initial mistake.
What Changed My Mind?
So, what prompted this dramatic shift in opinion? The answer lies in the company’s resilience and adaptability in the face of market volatility. As I dug deeper, I discovered that AMD’s fundamentals remained strong, and its growth prospects looked increasingly promising.
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Full Disclosure
As a responsible analyst, I want to assure you that I have no personal stake in AMD or any other company mentioned in this article. My opinions are my own, and I’m not receiving compensation for this piece (aside from Seeking Alpha). I have no business ties to any of the companies mentioned, and my goal is to provide unbiased insights to inform your investment decisions.
A Word of Caution
Remember, past performance is no guarantee of future results. Always do your own research and consider your individual circumstances before making any investment decisions. The views expressed here are solely my own and may not reflect those of Seeking Alpha or its affiliates.
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