XLNX - AMD shares are gaining again after January's sell-off. Is now the time to buy?

Advanced Micro Devices (NASDAQ:AMD) suffered along with the general market during the swoon that gripped most of January, undoing gains recorded late in 2021 amid optimism that the semiconductor giant could cash in on the ongoing chip shortage. However, a strong earnings report has allowed the stock to bounce off of multi-month lows. Is now the time to buy as the company looks to shake off worries of higher interest rates to capture demand for its products? Dragged Down by January's Sell-Off AMD experienced a surge of investor interest in late 2021, as supply constraints in the semiconductor industry seemed to provide beneficial conditions for the entire market. The stock climbed from a level just above $100 in late September to a 52-week high of $164.46 by the end of November. Even with a lackluster December, AMD still sat as high as $150 in the early days of January. Then,

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AMD shares are gaining again after January's sell-off. Is now the time to buy?