Here's why AMD stock price is crashing

On October 10, Advanced Micro Devices (NASDAQ: AMD) held its ‘Advancing AI’ event, announcing a wide range of new products. Despite this, the event, which historically caused AMD stock price to rise, was followed by a 3.19% decline.At press time a1, AMD shares were trading for $164.24. Even with this recent dip, the stock is up 18.89% year-to-date (YTD) after a 9.94% rally over the course of the last 30 days.AMD stock price daily chart. Source: FinboldAMD’s new line of productsSeeking to make further inroad ...