We came across a bullish thesis on Advanced Micro Devices, Inc. (AMD) on Twitter by Antonio Linares. In this article, we will summarize the bulls’ thesis on AMD. Advanced Micro Devices, Inc.’s share was trading at $167.

Advanced Micro Devices' MI325x and upcoming MI350 series show promising value. Read what makes AMD stock a compelling investment.

It's also worth noting that the equity's 14-Day Relative Strength Index (RSI) sits down at 37.6, on the cusp of 'oversold' territory, and indicating a short-term bounce was imminent. Plus, AMD's Schaeffer's Volatility Scorecard (SVS) sits at 71 out of 100, meaning it's tended to exceed options traders' volatility expectations in the past year.

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Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company, specializing in high-performance and adaptive processor technologies. With a market cap of $253.2 billion,

The New York-based company is expected to announce its fiscal Q3 earnings results before the market opens on Tuesday, Oct. 29. Ahead of this event, analysts project the biopharmaceutical company to report a profit of $0.