AMD is Down 35%. Now is the Time to Buy the Dip Hosted by MarketBeat StaffMay 3, 2024 ShareLink copied to clipboard. Play video for AMD is Down 35%. Now is the Time to Buy the DipDetailsGuestsAdvanced Micro Devices NASDAQ: AMD share prices inflated in 2023 and early 2024 on hopes for an AI boom like NVIDIA NASDAQ: NVDA. The share price is down 35% from that peak because the boom didn’t happen, or did it? Unlike NVIDIA, Advanced Micro Devices is a highly diversified semiconductor manufacturer with offsetting businesses. That is having an impact on the results and market sentiment. On the one hand, AMD is experiencing an AI boom in two of its core business. Conversely, two core businesses struggle as their end markets reset and normalize. Because those markets are working through inventory issues and are well situated for long-term growth related to AI and upgrade cycles, they may soon turn into tailwinds. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioAMDAdvanced Micro Devices4.9089 of 5 stars$138.35+0.6%N/A124.64NVDANVIDIA4.9434 of 5 stars$141.95-3.2%0.03%55.86 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatMissed Nvidia? Watch this ASAPThis little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrou...Brownstone Research | Sponsored7 Attractive Dividend Stocks Under $50As we head into the home stretch of 2024, the playbook for growth investors is the same as one year ago. You'r...MarketBeatThe Crypto That’s Making Wall Street SweatThe Crypto Wall Street Is Desperate to Hide It's happening now, right under everyone's radar. Big tech gian...Crypto 101 Media | Sponsored7 Chip Stocks to Buy on the DipFor much of the industrial era, semiconductors (i.e. chips) were a cyclical sector. For investors, that meant ...MarketBeatMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | Sponsored7 Housing Stocks to Buy Regardless of Interest Rate ChangesAccording to the Bankrate survey of large lenders, the average interest rate on a 30-year fixed-rate mortgage ...MarketBeat NVIDIA Earnings: Can Blackwell Propel the Stock to $200+ in 2025?NVIDIA's Q3 earnings exceeded expectations with 95% revenue growth and 111% EPS growth. Could $200+ be the next target for NVIDIA stock in 2025?Related Videos'Best Report in 2 Years': NVIDIA Earnings Crushes Expectations AgainHow to Profit from NVIDIA’s Earnings: Short-Term Trading GuideNVIDIA Nears All-Time Highs: How High Can This AI Leader Climb? 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Hosted by MarketBeat StaffMay 3, 2024 ShareLink copied to clipboard. Play video for AMD is Down 35%. Now is the Time to Buy the DipDetailsGuestsAdvanced Micro Devices NASDAQ: AMD share prices inflated in 2023 and early 2024 on hopes for an AI boom like NVIDIA NASDAQ: NVDA. The share price is down 35% from that peak because the boom didn’t happen, or did it? Unlike NVIDIA, Advanced Micro Devices is a highly diversified semiconductor manufacturer with offsetting businesses. That is having an impact on the results and market sentiment. On the one hand, AMD is experiencing an AI boom in two of its core business. Conversely, two core businesses struggle as their end markets reset and normalize. Because those markets are working through inventory issues and are well situated for long-term growth related to AI and upgrade cycles, they may soon turn into tailwinds. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioAMDAdvanced Micro Devices4.9089 of 5 stars$138.35+0.6%N/A124.64NVDANVIDIA4.9434 of 5 stars$141.95-3.2%0.03%55.86 Compare These Stocks Add These Stocks to My Watchlist Chris Markoch, GuestMarketBeat Contributor, MarketBeatChris Markoch is a freelance financial copywriter with over five years of experience covering various aspects of the financial markets. You may find his writing a little different than other stock articles you’ve read. And that’s OK with him. Chris doesn’t have a traditional finance background. What he does bring to the table is a strong business and marketing background having worked for agencies that serviced Fortune 500 companies. With that in mind, he isn’t overly impressed with what companies say, and more focused on what they do. And because buyer behavior dictates so much of what happens with a stock, Chris always keeps the end consumer close in mind. Chris has been writing for MarketBeat since 2018.Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatMissed Nvidia? Watch this ASAPThis little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrou...Brownstone Research | Sponsored7 Attractive Dividend Stocks Under $50As we head into the home stretch of 2024, the playbook for growth investors is the same as one year ago. You'r...MarketBeatThe Crypto That’s Making Wall Street SweatThe Crypto Wall Street Is Desperate to Hide It's happening now, right under everyone's radar. Big tech gian...Crypto 101 Media | Sponsored7 Chip Stocks to Buy on the DipFor much of the industrial era, semiconductors (i.e. chips) were a cyclical sector. For investors, that meant ...MarketBeatMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | Sponsored7 Housing Stocks to Buy Regardless of Interest Rate ChangesAccording to the Bankrate survey of large lenders, the average interest rate on a 30-year fixed-rate mortgage ...MarketBeat
