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Advanced Micro Devices (#AMD) reported a Q1 earnings blowout! The semiconductor company announced Non-GAAP EPS of $0.52 (beats by $0.08) and revenue of $3.45B (+92.7% Y/Y).
Shares of #AMD are trading down at $78.55, which puts them down -20% from all time highs. Is this a buy on dip opportunity, or is a bigger crash yet to come?
While the company is reporting massive growth, the stock is trading on near long-term support of $75. If it begins to dip below that, there's a real chance that $64 will be seen...