Advanced Micro Devices Inc (AMD · NASDAQ)

AMD shares rose 1.8% on Monday as the semiconductor sector rebounded, though the stock remains down 12.6% over the past month and sits 17.1% below its 52-week high. Fundamentals are strong: quarterly revenue climbed to $11.54B in the June quarter from $9.25B a year prior, with revenue up 50.1% YoY, earnings up 159.5%, and EPS beats in all of the last four quarters. The balance sheet is lightly levered at 0.4x debt/EBITDA with $5.09B in cash and $1.56B in quarterly free cash flow. Valuation remains demanding at a 134.89 P/E and 20.9 price-to-sales, with the stock trading 35.9% above its 200-day moving average despite the recent pullback.