The Advanced Micro Devices (AMD) stock price has continued to underperform the market even as artificial intelligence tailwinds remain. AMD peaked at $226.86 on March 4th and has retreated to $129, a 43% crash.

According to PC Gamer, “The AMD Ryzen 7 7800X3D is simply the best gaming CPU around right now. It’s certainly the best gaming chip that AMD has ever made, but it’s also capable of outperforming Intel’s top CPU when it comes to gaming frame rates and is doing so for a lot less cash.

Advanced Micro Devices (AMD, Financial) is a potential breakout candidate for this week, trading at $125.37, with the expectation of AMD's CES 2025 showcase. The semiconductor giant, with a market capitalization of $203.

Rumors have been flying for weeks regarding AMD’s probable CES 2025 announcements. There’s a safe bet that the company will reveal its new RX 9070 XT graphics cards. These will likely be based on the new RDNA 4 architecture and should operate as a great mid-range GPU option.