AMD (Advanced Micro Devices) Stock News

Is now the time to pounce on Nvidia stock?

Since soaring to multiple all time high closes in the first quarter of the year, shares of Advanced Micro Devices Inc NASDAQ: AMD have been on the back foot. What had been a 300% rally from their 2022 low, has since turned into more than a 40% drop, with something that looks worryingly like a downtrend starting to form.

As the early September stock market amply demonstrated, the fate of Advanced Micro Devices (NASDAQ: AMD) is closely linked to that of its peers in the technology and semiconductor industry.

Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Digital Marketing Trends in Age-related Macular Degeneration" report has been added to ResearchAndMarkets.com's offering.

SANTA CLARA, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that Dr. Lisa Su, chair and chief executive officer, will present at the Goldman Sachs Communacopia and Technology Conference on Monday, Sept. 9 at 12:25 pm PT / 3:25 pm ET.

The chip industry has exploded alongside a surge in demand for AI. However, Intel has struggled to keep up with its rivals.

Qualcomm launched the Snapdragon X Plus 8-core processor as it looks to ramp up its push into the AI PC space, taking on Intel and AMD. The U.S. chip giant said the Snapdragon X Plus 8-core is designed for PCs costing as low as $700 as it looks to expand its semiconductors to more devices.

September 3 on the stock market was a repetition of the August scenario, where semiconductors were one of the worst-hit sectors, with Nvidia (NASDAQ: NVDA) losing 10% and Advanced Micro Devices (NASDAQ: AMD) stock losing almost 8% of its value.