Should You Buy Advanced Micro Devices (AMD) Stock After Its 49% Drop?

Despite supplying some of the world's most sought-after chips, Advanced Micro Devices (AMD -2.36%) has declined 49% since it peaked in March 2024. Over the same period, Nvidia stock has increased about 40%.Nvidia makes the most advanced graphics processing units (GPUs) for data centers, which are used to develop artificial intelligence (AI) models. The company has benefited from a powerful first-mover advantage, capturing the lion's share of the market and adding trillions of dollars to its market capitaliz ...