AMD Inventory Is Hitting Lows. This is When to Purchase.

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.

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