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Wajeeh Khan

RARE PHOTOS: As amd stock breaks below key support on earnings selloff should you buy the dip - The Real Truth

Advanced Micro Devices (AMD) shares crashed as much as 17% on Wednesday as the company’s muted Q1 guidance overshadowed record financials it reported for its fourth quarter. The post-earnings weakness pushed AMD meaningfully below its major moving averages (50-day and 100-day), indicating bears have taken control across multiple timeframes. 

Versus its year-to-date high, AMD stock is now down more than 20%. 

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