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 (NASDAQ: AMD) 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 capitalization in the process.AMD is quickly catching up to Nvidia (technologically speaking) in the data center business, but it's also a leader in another area of the AI semiconductor race that could become a major source of growth. So, does the 49% decline for AMD stock represent the ultimate long-term buying opportunity?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool