AMD stock is an ‘attractive opportunity’ amid coronavirus fears, analyst contends

Advanced Micro Devices Inc. will likely announce a short-term hit from the COVID-19 coronavirus outbreak this week, but follow it up with long-term optimism, an analyst said Tuesday while upgrading the stock.

AMD












AMD, -1.50%










 shares initially rose nearly 6% higher early in Tuesday’s session, but closed down 1.5% at $46.75 as the broader market struggled. The S&P 500 index












SPX, -2.81%










and the tech-heavy Nasdaq Composite Index












COMP, -2.99%










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