Once upon a time, Advanced Micro Devices (NASDAQ:AMD) was the life of the party. Its volatility was renowned, and its gains were the envy of the tech sector. But after April's earnings announcement, everything changed for AMD stock. Momentum fled and fanboys with it. Today, we're chronicling the fallout and showing which options strategies you can use to profit.Source: Hand Robot/Shutterstock.com You don't have to look hard to see why AMD became a giant in the field of momentum traders. There's no need to squint, no need for a magnifying glass. You can spot its meteoric rise from space.From 2018's low of $9.04 to this year's peak of $59.27, Advanced Micro Devices shares ballooned over 550%. The rocketship rise was fueled by the potent combination of increasing revenue and earnings. Not to mention the booming bull market in the technology sector.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Equilibrium...
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Memory chip giant Micron (NASDAQ:MU) reported blockbuster third quarter earnings at the end of June which both whizzed past Wall Street expectations and impressed investors, with MU stock rising 5% to near post-March highs on the news.Source: Piotr Swat / Shutterstock.com But does this strong quarter mean you should buy MU stock?I'd say so.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMU stock isn't my favorite semiconductor stock to buy at current levels. The valuation is a bit stretched on the heels of a huge, 60%+ rally since March. Shares no longer look significantly undervalued to me. Rather, they look fairly valued.At the same time, though, the fundamentals in the memory market are dramatically improving. Thanks to catalysts like workflow digitization, new gaming consoles and 5G, Micron's demand trends will significantly improve over the next few months. Against that backdrop, it's easy to see Micron stock staying in rally mode.Net...
