Since the start of 2017, AMD stock has risen 11%, underperforming the S&P 500 Index (SPY), which rose 13.2%. Over the last one month, AMD’s stock has gone through a lot of ups and downs as investors reacted to the news.
Between September 1 and September 14, 2017, cryptocurrency prices fell significantly, and AMD’s stock price fell 7%. Cryptocurrency prices began to grow on September 15, 2017, and AMD prices rose 4.5% in two days.
Similarly, AMD’s stock price reacted aggressively to a rumor on CNBC that the company had partnered with automaker Tesla (TSLA) to develop a custom chip for an autonomous car. This growth reversed when the rumor turned out to be a misunderstanding.
View more information: https://marketrealist.com/2017/09/why-is-amd-stock-so-volatile/