Here's Where Things Went Wrong for Advanced Micro Devices, Inc. in 2017
AMD (NASDAQ: AMD) was one of the hottest tech stocks of 2016, surging nearly 430% on its recovering chip sales. But 2017 was a different story. After climbing another 30% by March, the stock stalled out -- and then reversed course following its third quarter earnings report in late October.
AMD has now declined 22% over the past month, erasing all of its year-to-date gains and casting serious doubts on the former tech darling's long-term growth. Let's look back at what went wrong for AMD, and whether or not it can turn things back around.
Image source: Getty Images.
Source: Fool.com
Advanced Micro Devices Inc. Stock
€128.88
1.020%
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