AMD Stock Drops Over 8% on Broader Selloff Despite Bullish Long-Term Outlook

AMD stock dropped over 8% on April 4 due to broader market selloff, after hitting 52-week high in March

Valuation concerns and growing competition from Nvidia limit near-term upside potential

AMD urged shareholders to reject unsolicited mini-tender offer from Tutanota LLC

Wall Street analysts are bullish on AMD's prospects with its new MI300 accelerator and server CPU market

Average analyst price target implies 21% upside potential after 79% rise in past year fueled by AI enthusiasm