Shares of Advanced Micro Devices Inc. were headed higher in Tuesday morning trading after an analyst flipped to a bullish stance on the chip company, citing some long-held investment maxims.
“There are two old sayings in the investment world: 1) ‘You cannot time the market, so do not try’ and 2) ‘Buy good companies when they are down,'” Piper Sandler’s Harsh Kumar shared in a note to clients Tuesday.
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