<div id="readability-page-1"><figure> <img src="https://imageproxy.pbkrs.com/https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369211203/image_1369211203.jpg/query-aW89Z2V0dHktYy13NzUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="750" height="384" original-src="https://imageproxy.pbkrs.com/https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1369211203/image_1369211203.jpg/query-aW89Z2V0dHktYy13NzUw"/> <figcaption> <p>Pavel Byrkin</p></figcaption></figure> <h2>Investment thesis</h2> <p>My previous bearish thesis about AMD's stock (<span>NASDAQ:AMD</span>) might seem mistaken as the stock has gained 5% since July. On the other hand, it is common when short-term price movements do not align with fundamental developments.</p></div>

<p>Pavel Byrkin Investment thesis My previous bearish thesis about AMD's stock (NASDAQ:AMD) might seem mistaken as the stock has gained 5% since July. On the other hand, it is common when short-term price movements do not align with fundamental developments.</p>

- The author reflects on a previous bearish thesis regarding AMD's stock, noting a 5% gain since July.  
- They emphasize that short-term price movements often do not correspond with fundamental developments.  
- This observation suggests a potential disconnect between market perception and underlying company performance.  

AMD: Overvalued In The Shadow Of Nvidia

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