Why is AMD stock plunging sharply on Thursday?

Core Viewpoint - Advanced Micro Devices (AMD) experienced a nearly 3% decline in stock price, dropping to $204.53, as investors shifted away from the semiconductor company following its CES product showcase [1] Company Summary - AMD's stock price fell by approximately 3% to $204.53 on Thursday [1] - The decline in stock price indicates a rotation of investor interest away from AMD after its recent product showcase at CES [1] Industry Summary - The semiconductor industry is experiencing fluctuations in investor sentiment, as evidenced by AMD's stock performance post-CES [1]