AMD Is Sinking Today -- Is the Stock a Buy Right Now?

Advanced Micro Devices (NASDAQ: AMD) stock is getting hit with a significant pullback in Friday's trading. The chip company's share price was down 6% as of 1 p.m. ET, and had been off as much as 7.2% in the daily session.AMD stock is getting hit with multiple bearish catalysts today. For starters, the latest U.S. jobs report arrived with much weaker employment growth than economists had forecasted. Total nonfarm jobs increased by just 22,000 in the month, far short of the 75,000 additions economists had expected. Even though the soft jobs numbers support a potential cut in interest rates from the Federal Reserve this month, the report is making investors nervous about the state of the U.S. economy.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool