Advanced Micro Devices, Inc. (AMD) is a semiconductor giant that produces x86 microprocessors, graphics processing units (GPUs), accelerated processing units, chipsets, and more. The company offers its products under the brand names AMD Ryzen PRO, AMD Ryzen Threadripper, Ryzen Threadripper, AMD Ryzen, and many others. Valued at $211.2 billion, the company has its base of operations in Santa Clara, California.
AMD stock had a solid start to the year, gaining 54% from the start of 2024 to its March high. Since then, though, AMD has underperformed, and is now down 42% from that first-quarter peak. On a year-to-date basis, AMD has lost 11.7%, significantly lagging the broader equities market.
