The shares of Advanced Micro Devices (NASDAQ:AMD) have lost some of their shine this year. After massively outperforming competitors in 2020, the chip-maker is lagging.
Its stock is down 13% this year when the benchmark Philadelphia Semiconductor Index has eked out a 6% gain during the same period. This reversal is being taken by some investors as a sign that the past five-year rally that pushed AMD stock more than 3,000% higher has run its course.
AMD Weekly Chart. (Image not shown due to low ratings)
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