AMD: The Rally Has Further To Go, .9 In A Bull Case

What’s in the stock price right now? In recent years, AMD (NASDAQ:AMD) has attracted investors’ attention more for its weak balance sheet and operating difficulties ($1.3bn net debt and negative shareholders’ equity at end 2015 for a negative EBITDA) than for its graphics cards/artificial intelligence exposure. That said, the stock has enjoyed an impressive rally since delivering reassuring Q1 earnings and a strong Q2 guide, driven notably by significant short covering. While some investors consider that the relief rally has gone too far, others believe this is just the beginning of a sustainable operating and balance sheet recovery. In this article, we try to assess whether the stock has still upside potential left. The first step is to figure out what’s in the stock price right now. To that end,…

Link to Full Article: AMD: The Rally Has Further To Go, .9 In A Bull Case

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