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AMD Stock Price Plummets After Artificial Intelligence (AI) Chip Guidance Fails to Impress Investors -- Is This Also Bad News for Nvidia Stock?

Advanced Micro Devices failed to impress investors with the guidance for its AI chip, the MI300X.

By Jose Najarro – Jan 31, 2024 at 6:00AM EST

In today's video, I discuss the recent updates impacting Advanced Micro Devices (AMD 3.29%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of Jan. 30, 2024. The video was published on Jan. 30, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short February 2024 $47 calls on Intel. The Motley Fool has a disclosure policy.Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$323.61
(-3.29%)-$11.02

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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