Shares of Advanced Micro Devices (NASDAQ: AMD) have pulled a stunning round trip so far in 2024. Following management's increasingly upbeat commentary on sales related to artificial intelligence (AI) early in the year, the stock soared higher.

But then reality started to settle in after the first-quarter update, and shares are now down about 30% from those peaks, reached early in the spring.

If you've been following along, there's always been a clear-cut reason to be optimistic about AMD -- and a clear-cut reason to be skeptical. Is it time to buy the stock dip?

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Source Fool.com