Wait for AMD Earnings Before Buying Due to Overvaluation

3 months ago

Parkev Tatevosian, CFA

"So given that there's elevated risks surrounding an earnings release and the valuation of AMD not being cheap, I don't see any reason for investors to rush ahead and buy AMD stock ahead of earnings. This is one of those situations where I would rather wait until after the earnings results to come out, evaluate the figures, and then make the purchase allocation."

The speaker advises investors to hold off on buying AMD stock before the upcoming earnings release, citing high risks and an overvalued price relative to the intrinsic value, despite maintaining a long-term buy rating for AMD.

Related Stocks