This AI Stock Hit a New Low in Wednesday's Sell-Off: Is It Time to Buy?
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The Federal Reserve may have cooled this year's market rally on Wednesday, telegraphing a slowdown in its pace of rate cuts. The news sent the major market indexes lower, but most investors are still having a great year. Less than a third of the market's large-cap stocks are trading lower in 2024.Fewer than 6% -- or 50 of the 853 names with market caps north of $10 billion trading on a U.S.-listed exchange -- hit new 52-week lows in Wednesday's markdown. One of the more compelling names on that list has to be Advanced Micro Devices (NASDAQ: AMD). The semiconductor giant offers investors a rare play in artificial intelligence (AI) and has failed to follow tech stocks higher in 2024. Below I'll explore why AMD hitting its lowest share price in more than a year should be a dinner bell instead of a warning bell. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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