From Nasdaq:

AMD stock (NASDAQ: AMD) fell 6% after ASML halted shipments of its lithography machines to China due to U.S. pressure. This, coupled with Barclays downgrading Apple stock, led to tech stocks falling. Tensions between the U.S. and China over semiconductors create challenges for AMD, despite its potential long-term growth.

AMD stock surged, yet third-quarter revenue only increased by 8%, with share price gains largely due to excitement about future AI opportunities. AMD may be a worthwhile long-term investment, gaining market share from Intel in CPUs and servers. However, the stock’s outlook is speculative after a year of explosive gains.

The Motley Fool Stock Advisor team didn’t include AMD in its 10 best stocks to buy now, focusing on stocks with monster return potential. The Stock Advisor service has tripled the S&P 500 return since 2002, providing investors with a blueprint for success and regular updates. Keith Noonan has no position in the stocks mentioned, and Nasdaq takes no responsibility for the author’s views.

Check out the 10 stocks that made the cut for potential monster returns *Stock Advisor returns as of December 18, 2023.



Read more: AMD Stock Sank Today — Is It a Buy for 2024?