![]() ![]() To some, a 9% daily drop could even sound as if the market has lost its mind on this AI-powerhouse. With so much optimism being baked into the share price, a lot of market participants might be wondering why AMD's share price reacted so violently on the recent results. To top all that, Wall Street Analysts have also turned extremely bullish on the company in recent months, thus prompting a sharp recovery since the second half of 2022. And as we are now facing the reality of a pending recession, things could get ugly. The nearly 50% return is still above that of the S&P 500 for the period, however, once we take into account AMD's beta of almost 2.0 then it still underperformed the market on a risk-adjusted basis.Īs a high beta company, AMD also benefited massively from the bear market rally in the equity market over the past few months.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |