AMD Stock: How Real Is The 85% Upside They're Talking About?
AMDAMD(AMD) MarketBeat·2024-09-09 21:05

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. Like pretty much every tech stock out there, AMD came under real pressure towards the end of July and the start of August, as concerns spiked that the Fed had held off on cutting rates for t ...