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Fly News Breaks for September 11, 2019
AMD
Sep 11, 2019 | 15:58 EDT
RBC Capital analyst Mitch Steves thinks recent concern that AMD Ryzen 3 is having reliability issues is "unfounded." The analyst notes that the product had an overheating issue that was fixed with a simple BIOS update earlier in the quarter. This is causing concern that the print and guide will "miss expectations," he adds, pointing out that he is "taking the opposite side." If the stock remains at current levels and does not move notably higher before Q3 earnings, Steves would be buying the stock more than usual. He reiterates an Outperform rating on the shares.