Advanced Micro Devices (AMD) shares dropped 17% due to weak Q1 guidance despite strong Q4 financials. Analysts suggest buying on the dip, citing AI firm partnerships and chip shipments to China. Data center revenue hit record levels in Q4, with future growth expected from recent wins and new product launches. Wall Street remains bullish on AMD, with a consensus rating of “Moderate Buy” and a mean target price of $288, indicating over 43% potential upside. The technical dip presents a premium entry point for long-term investors in the AI sector.

Read more at Barchart: As AMD Stock Breaks Below Key Support on Earnings Selloff, Should You Buy the Dip?