Down 24% In the Past Month, Will AMD Stock Remain In Nvidia's Shadow?
AMDAMD(AMD) Investor Place·2024-08-14 19:35

Advanced Micro Devices (NASDAQ:AMD) has been living in the shadow of its larger rival, Nvidia (NASDAQ:NVDA), for quite some time now. In less than a year, AMD has gone from being seen as a peer to Nvidia to more of a “Nvidia-lite” in the eyes of many investors. The stock tends to move in tandem with Nvidia and the broader semiconductor sector, rising and falling with the tides of the notoriously cyclical chip industry.At this point, I view AMD as a “show-me” stock. The company has a lot to prove if it wants ...