AMD stock dives nearly 30% since record peak 5 weeks ago

Although shares of Advanced Micro Devices (NASDAQ: AMD) reached a new all-time high (ATH) on March 8 this year following the launch of AMD’s new artificial intelligence (AI) microchip, the Advanced Micro Devices stock has plunged almost 30% since that time.As it happens, AMD shares hit their record high five weeks ago, but they have failed to sustain the bullish momentum sparked by the launch of MI300X, and have continued to decline ever since, according to the observations by markets analyst Barchart share ...