AMD Stock Is Hitting Lows

AMD stock is hitting 52-week lows as it reports disappointing 

preliminary revenue results. Here's when to buy the chipmaker's 

shares. Advanced Micro Devices  (AMD)  finally slipped up, just 

as Nvidia  (NVDA)  did a few months ago. Shares of the veteran 

chipmaker are down 8% on Friday, but not because they're 

following the broader market lower on a stronger-than-expected 

jobs report. Aside from the implications that the data could have 

for the Federal Reserve and interest-rate increases, AMD is down 

for company-specific issues. On Thursday after the close AMD 

reported its preliminary third-quarter revenue of $5.6 billion vs. 

estimates of $6.71 billion and a prior guide of roughly $6.7 billion.

Chief Executive Lisa Su said that “the PC market weakened 

significantly in the quarter,” but for semiconductor investors, that’s not too surprising.