Why Advanced Micro Devices Stock Crumbled on Tuesday

So, what happened? Well, there was a massive financial company making a play, but it didn’t choose *our* chipmaker. No, no. The lucky lady-er, company-wasn’t AMD (Advanced Micro Devices, if we want to get formal), but its longtime rival, Intel. Now, if you’re AMD, imagine you’ve been all dressed up for a gala, only to find out your date picked your best friend instead. Ouch. That sting was felt in the stock prices, as AMD lost more than 5% on the day. Meanwhile, the S&P 500 also dropped-but much less dramatically, like someone tripping on their shoelaces instead of face-planting into a pie.






