Why AMD Stock Dropped More Than 5% Today
After starting off the new year with a healthy 4.4% share price gain Monday, Advanced Micro Devices (NASDAQ: AMD) took a turn for the worse Tuesday. As of 1:33 p.m. ET, shares of the semiconductor giant were down 5.7% -- more than deleting all of Monday's gains.
It's not immediately clear what turned investors against the stock, but odds are the issue has its roots in the "2022 Product Premiere livestream" presentation that the company began Tuesday morning.
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Source Fool.com