Advanced Micro Devices (NASDAQ: AMD) stock has plunged nearly 10% since May 2, with the decline mainly driven by weak second-quarter 2023 guidance. The company posted first-quarter 2023 revenue of $5.4 billion, beating Wall Street expectations by $40 million. However, the positive results weren't enough to outshine underwhelming revenue projections for Q2. 

Despite near-term headwinds, AMD continues to be an attractive stock thanks to its prospects in data centers, artificial intelligence (AI), and specialized chips. As a result, a recent dip is a great time to learn more about this semiconductor company, which will likely see its stock soar over the long term. 

Here are three things about AMD that smart investors know. 

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Source Fool.com