Advanced Micro Devices Stock (AMD) Stuck in Neutral as AI Boom Accelerates

Advanced Micro Devices (AMD) has been a disappointing stock over the past year, with declines accelerating in the last five months. Since May 2024, AMD has been down almost 32%. Amid growing concerns about demand for AI infrastructure chips, AMD has also struggled with a lack of competitiveness in absorbing that demand. Even after posting a beat across the board in its Q1 earnings last week and supplementing that with raised Q2 guidance, there are still no strong signs of a…