Should You Buy the Plunge in AMD Stock Today?

Advanced Micro Devices (AMD) shares crashed as much as 10% on Tuesday morning following reports that Meta Platforms (META) plans on switching to Alphabet’s (GOOGL) artificial intelligence (AI) chips. According to “The Information,” the company behind Instagram will start renting Google’s tensor processing units (TPUs) next year. More News from Barchart These chips will then go into full deployment and begin powering Meta’s data centers in 2027, it added. Following today’s decline, AMD stock is down more ...