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 Devices4.9593 of 5 stars$124.60+4.5%N/A112.25NVDANVIDIA4.935 of 5 stars$139.67+3.7%0.03%54.97 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 MarketBeatIs Jeff Bezos Crowning the Next Nvidia?It doesn't matter what you think about AI... Because Jeff Bezos's massive load-up on one tiny tech company ...InvestorPlace | Sponsored7 Gene Editing Stocks Offering Transformational ChangeInvestors are talking about the impact that artificial intelligence (AI) can have on their portfolios. But the...MarketBeat$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. 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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 Devices4.9593 of 5 stars$124.60+4.5%N/A112.25NVDANVIDIA4.935 of 5 stars$139.67+3.7%0.03%54.97 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 MarketBeatIs Jeff Bezos Crowning the Next Nvidia?It doesn't matter what you think about AI... Because Jeff Bezos's massive load-up on one tiny tech company ...InvestorPlace | Sponsored7 Gene Editing Stocks Offering Transformational ChangeInvestors are talking about the impact that artificial intelligence (AI) can have on their portfolios. But the...MarketBeat$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | Sponsored7 Artificial Intelligence Stocks That Are Still Long-Term WinnersIt's hard to believe that two years ago, many of us had never heard of ChatGPT. But for the last 18 months, in...MarketBeatThe #1 Crypto for AIWe’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-u...Weiss Ratings | Sponsored7 Alcohol Stocks Primed to Pour ProfitsIn 2020 and 2021, alcohol stocks were among the best-performing consumer staples stocks. But it's been a diffe...MarketBeat
