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Is AMD a Buy?

Is AMD a Buy?

Advanced Micro Devices' (NASDAQ: AMD) year went from bad to worse after the company released preliminary results for the third quarter of 2022 on Oct. 6. AMD investors pressed the panic button hard after the company revealed that its quarterly revenue would land at an estimated $5.6 billion at the midpoint of its updated guidance range. The company originally expected $6.7 billion in Q3 revenue, but a weak PC (personal computer) market has knocked the wind out of AMD's sails.