The PC market endured double-digit declines in 2022 and 2023. The good news for AMD is that the market stabilized in 2024, witnessing a 0.8% increase in shipments, per market research firm IDC. Even better, the PC market is expected to record 4.3% growth this year, driven mainly by a 5.1% improvement in sales of commercial PCs.

For those reasons, investors should consider the $120 the “Trigger Price” for a wave of selling on AMD stock. From a long-term perspective, AMD has been in a bear market trend since December. In December the stock broke below its 20-month moving average. AMD maintains a bearish outlook with a price target of $100.

Advanced Micro Devices shares extended their recent run of declines Wednesday after a top Wall Street analyst cautioned that the chipmaker could continue to trail its peers' performance well into the new year.

The Advanced Micro Devices (AMD) stock price has continued to underperform the market even as artificial intelligence tailwinds remain. AMD peaked at $226.86 on March 4th and has retreated to $129, a 43% crash.

Advanced Micro Devices (NASDAQ:AMD) has a history of eating away at rivals’ dominance by delivering superior products, as evidenced by its

AMD (NASDAQ: AMD) stock is losing ground in Wednesday's trading. The semiconductor company's share price was down 3.6% as of 11:45 a.m. ET and had been down as much as 5.2% earlier in the session. AMD stock is falling today on the heels of bearish coverage from HSBC.