One of the most prominent trends on Wall Street in 2022 has been to lower expectations. The current uncertain macro environment demands caution what with rising inflation, anticipated interest rate hikes and Russia’s ongoing invasion of Ukraine. The market has certainly shown it is weary of the developing narrative; the pullbacks have been brutal with many previous high-flyers crashing badly. So, time to counter all this bearish sentiment and back those which have the wherewithal to withstand the current macro trends. And looking at the case of Advanced Micro Devices (AMD), Raymond James’ Chris Caso thinks the company fits the bill.
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