AMD Stock Drops on AI Chip Demand Worries Despite New Products and Growth Potential
• AMD stock has fallen 18% from recent highs due to concerns about future AI chip demand • AMD unveiled new AI GPU to challenge Nvidia, attract major clients like Microsoft and Meta • Partnership with Sony to provide adaptive computing tech for LiDAR systems, enhancing performance • Despite high valuation multiple, AMD has financial stability to invest in new technologies • AMD's growth catalysts in AI and PCs could materialize quicker than expected, making it a buy on recent dip