This Artificial Intelligence Challenger Is Down 49%. Is It Time to Buy the Dip on the Stock?

The stock market has swooned recently, but chip designer Advanced Micro Devices (NASDAQ: AMD) really took it on the chin. The S&P 500 (SNPINDEX: ^GSPC) index was reaching record prices in January. As of April 12, it trades 13% below that high point.AMD, on the other hand, started struggling last summer. The stock has plunged 49% lower since July 10, 2024.You'd think AMD would be soaring these days. Artificial intelligence (AI) is the hottest ticket in this market, driving the stocks of AI specialists to all-time highs, resulting in a few trillion-dollar market caps. AMD's Instinct processors are among the most cost-effective AI accelerator chips, and the Epyc range of server-grade CPUs is perfect for controlling those beastly number-crunchers. AMD's Epyc and Instinct chips are often found together in some of the world's most powerful supercomputers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool