Why AMD Stock Just Crashed
Don't look now, but the AI market just shifted -- and Advanced Micro Devices (NASDAQ: AMD) investors are nervous.
Bloomberg reports (NASDAQ: META) may purchase Tensor Processing Units (TPUs) designed by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) for use in Meta's artificial intelligence data centers. This is mainly bad news for Nvidia (NASDAQ: NVDA) stock, because Nvidia has been selling a lot of Graphics Processing Units (GPUs) to Meta. It's also probably bad news for AMD, and AMD stock is now down 7.9% through 11:10 a.m. ET.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€208.95
3.260%
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 17.25% for Advanced Micro Devices Inc. compared to the current price of 208.95 €.
