1 Reason Why You Should Buy the Dip in AMD Stock

Harsh Chauhan, The Motley Fool
·4-min read
1 Reason Why You Should Buy the Dip in AMD Stock

Advanced Micro Devices (NASDAQ: AMD) stock has stumbled out of the gate in 2021. The company has been dominating Intel in the CPU market and is sitting on favorable trends in the GPU (graphics processing unit) space where demand is substantially outpacing supply. The arrival of a new generation of gaming consoles from Microsoft (NASDAQ: MSFT) and Sony (NYSE: SNE) is also turning out to be a major tailwind for the company -- one that could help the chipmaker exceed its own expectations as it supplies chips for both devices.