Investors may understandably struggle with the recent volatility of Advanced Micro Devices' (NASDAQ: AMD) stock. It has fallen by almost one-third since early March, a drop exacerbated by the recent release of its earnings report for the first quarter of 2024.
The sell-off does not negate its potential as an artificial intelligence (AI) chip provider. Nor does it compromise its strength in its other businesses. Hence, the question is whether investors should buy now or wait to add shares of the semiconductor stock.
The first thing investors probably need to do is take a step back. While the recent sell-off was undoubtedly painful for shareholders, investors should remember that it is more modest than the drop in the 2022 bear market, when it lost two-thirds of its value in a little under a year.
Source Fool.com