AMD Fell Today -- Is the Stock a Buy Right Now?

Core Viewpoint - Advanced Micro Devices (AMD) stock experienced a decline following Nvidia's announcement of a $5 billion investment in Intel, raising concerns among investors about potential competitive threats [1][2]. Group 1: Stock Performance - AMD's share price fell by 0.8% during Thursday's trading session, having dropped as much as 5.8% earlier in the day, despite the S&P 500 and Nasdaq Composite gaining 0.4% and 0.9%, respectively [1]. - The decline in AMD's stock occurred in the context of Nvidia's significant investment in a competitor, which led to investor apprehension [2]. Group 2: Competitive Landscape - Nvidia's $5 billion stake in Intel is perceived by some investors as a potential threat to AMD, although the investment is likely more related to Intel's chip fabrication business rather than its chip design business, which is more relevant to AMD [4][7]. - AMD remains the second-largest player in the AI processor market, with no immediate signs of surpassing Nvidia, but the market is expected to support multiple successful companies, indicating potential long-term growth for AMD [5].