Advanced Micro Devices (AMD):Sell,buy or hold

Advanced Micro Devices (NYSE:AMD) is currently trading 2.56% below its May 6th low of $7.81.

The Semiconductor Industry Association reports that it expects chip sales to surge by almost 30% this year, with global revenue reaching $291 billion.

The short interest in AMD was up 19% to 61.6 million shares,In the past 52-weeks, shares of Advanced Micro Devices have traded between a low of $3.22 and a high of $10.24 and are now at $7.61, which is 136.34% above that low price.