Advanced Micro Devices (NASDAQ:AMD) is having a shockingly bad year. Despite sales and profits growing, shares have been cut nearly in half from their all-time high of $227 a stub hit last March. Investors seem frustrated.

AMD stock (NASDAQ:AMD) has seen a meaningful sell-off over the past week, declining by about 11% over the last five trading days..

AMD’s AI GPUs offer a competitive edge against Nvidia. Read why AMD stock is a solid investment with strong data center growth and market share gains.

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.