Introduction
AMD (AMD) performed impressively well in the turmoil of the coronavirus volatility. Just 40 days ago, I was warning of overvaluation and a sharp correction. But even from these high valuation levels, the company has performed better than the market and not worse than its competitors. This and other factors result in an extremely bullish sentiment for the company. The value of the company is currently 18 percent below its recent historical high. When the clouds disappear on the horizon, AMD will reach these highs again. In this respect, there is an