AMD has failed to impress to say the least. The market is getting normal after about a year of going straight up. Stocks that don't earn a good return of have a lot of debt and small chance of succeeding will be hit hard. So far AMD has been barely scratched. Why would anyone think in 3 months from now amd will be a star at the next earnings ?
They are barely staying alive never mind margins at this point. To increase margins you need something new and different that people are standing in line for .. do you really see this scenario with amd ?
No. AMD's new products are lower margin than their old ones, and AMD, not being in control of manufacturing efficiency, has no way to increase them. They will continue to chase smaller and smaller pieces of the global cake, with less and less frosting on it, until they're scraping dried crumbs off the lid.