Advanced Micro Devices (AMD) is in over-sold territory

As the DOW comes roaring back today to the tune of +125 points, investors are looking for some over-sold bargain stocks.

Advanced Micro Devices (NYSE:AMD) is looking like a great play right now, having dropped about 30% since June.

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Both Intel and AMD are seen benefitting from higher corporate spending, which is a positive for both PC and server chip sales. But some analysts are also watching for signs of a slowdown given the global economic uncertainty.

Mastery Bottom Line:

There's not much else to say about AMD, other than share look over-sold and could be a solid short term play.

Advanced Micro Devices, Inc. AMD will unveil its latest earnings on Thursday, July 21, 2011