The stock market was not very impressed with Advanced Micro Devices (NASDAQ:AMD) first-quarter earnings report. Because it was looking for some kind of blowout number due to tailwinds from artificial intelligence (AI), when the chipmaker didn’t meet those lofty goals AMD stock sold off.
Although its shares have since regained that lost ground, there is still ripe opportunity for investors to capitalize on the market’s myopia. Advance Micro Device’s performance was actually stellar precisely because of AI. It shows what the chipmaker is capable of.
Since AMD stock still has significant upside potential, investors should use the opportunity to benefit.
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