Headwinds to Persist for AMD Stock, but the Stock Is Too Cheap to Ignore, Says Analyst

Is the world moving towards a global recession? That looks like a real possibility and one Wall Street analyst is already convinced that is the case. But along with believing a global recession is around the corner, Northland’s Gus Richard also thinks that, in general, semiconductor companies’ estimates are “too high.” Now the 5-star analyst has been making some tweaks to his model for one of the segment’s giants.

On the one hand, to account for a global recession, Richard has cut…

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