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AI StocksInsider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
•83% Informative
Investors remain cautious following a major global selloff that shook the markets last week on recession fears.
Analyst warnings around sky-high CapEx of tech companies and lack of visibility over returns are also expected to keep tech valuations in check.
BofA Securities believes Advanced Micro Devices, Inc. ( NASDAQ : AMD ) is one of the best beaten-down tech stocks presenting an attractive entry point following the latest selloff.
Advanced Micro Devices, Inc. ( NASDAQ : AMD ) ranks 3rd on Insider Monkey’s list titled 11 Trending AI Stocks On Latest News and Analyst Ratings .
Meridian Contrarian Fund : “We believe AMD will continue to gain share in large and growing markets and is reasonably valued relative to the potential for significantly higher earnings.”.
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5
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