$AMD(AMD.US) down 8% today to around 508, and at a P/E of 173 with a beta near 2.5 this is exactly the kind of name that gets torched in a chip bear market. i like AMD long term but you cannot pay 173x earnings and act surprised when it drops 8% on a risk-off day. waiting for a real reset, this is not it yet. discipline over FOMO.
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