Rosenblatt Analyst Explains How AMD Stock Weakness Is Buying Opportunity

• Competitor downgrade on 2023 cyclical issues, potential consumer weakness in PCs and mobile, and a possible price war with Intel Corp (NASDAQ:INTC) drove Advanced Micro Devices Inc (NASDAQ:AMD) shares' weakness, Rosenblatt analyst Hans Mosesmann said. 
• Barclays recently downgraded the rating on AMD, citing looming cyclical risks in 2023 across several end markets.
• However, Mosesmann contends that AMD is not in jeopardy of missing its 30% year-over-year sales growth target for 2022.
• He expects AMD to gain significant data center market share. 
• The analyst considers the weakness a buying opportunity and keeps a Buy rating on AMD shares.
• Price Action: AMD shares traded higher by 0.82% at $110.24 in the premarket on the last check Friday.