Should You Buy Advanced Micro Devices (AMD) Stock After Its 51% Drop?
The stock market is in the midst of a sell-off right now, with the Nasdaq Composite down more than 9% from its recent all-time high. However, the decline in Advanced Micro Devices (NASDAQ: AMD) stock started one year ago, and it's down 51% from its best-ever level.AMD supplies some of the world's best chips for a range of different applications, including a lineup of graphics processing units (GPUs) for the data center, which are designed specifically for artificial intelligence (AI) development. In fact, they are quickly catching up to Nvidia's (NASDAQ: NVDA) industry-leading GPUs in terms of performance.AMD's data center business is coming off a record year, and the best is probably still to come. With that in mind, should investors use the 51% dip in AMD stock as the ultimate buying opportunity?Continue reading
The stock market is in the midst of a sell-off right now, with the Nasdaq Composite down more than 9% from its recent all-time high. However, the decline in Advanced Micro Devices (NASDAQ: AMD) stock started one year ago, and it's down 51% from its best-ever level.
AMD supplies some of the world's best chips for a range of different applications, including a lineup of graphics processing units (GPUs) for the data center, which are designed specifically for artificial intelligence (AI) development. In fact, they are quickly catching up to Nvidia's (NASDAQ: NVDA) industry-leading GPUs in terms of performance.
AMD's data center business is coming off a record year, and the best is probably still to come. With that in mind, should investors use the 51% dip in AMD stock as the ultimate buying opportunity?
