Advanced Micro Devices (NASDAQ: AMD) stock is losing ground in Friday's trading. The semiconductor company's share price was down 5.2% as of 11:15 a.m. ET. Meanwhile, the S&P 500 index had fallen 1.6%,

The PC market endured double-digit declines in 2022 and 2023. The good news for AMD is that the market stabilized in 2024, witnessing a 0.8% increase in shipments, per market research firm IDC. Even better, the PC market is expected to record 4.3% growth this year, driven mainly by a 5.1% improvement in sales of commercial PCs.

Advanced Micro Devices (NASDAQ:AMD) has a history of eating away at rivals’ dominance by delivering superior products, as evidenced by its

News sent the VanEck Vectors Semiconductor ETF 0.71% lower, but AMD stock was one of the worst performers in the group. AMD’s poor performance is rooted in its decidedly bearish technical trend. Shares of AMD shifted into a bearish trend in November as the stock’s 50-day moving average rolled over into a declining pattern.