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Why Advanced Micro Devices Shares Lost 25% Last Month

Why Advanced Micro Devices Shares Lost 25% Last Month

Shares of Advanced Micro Devices (NASDAQ: AMD) fell 25.3% in September 2022, according to data from S&P Global Market Intelligence. The semiconductor designer released some new embedded and mobile chips last month, but the new products were not the reason for AMD's diving stock price. Instead, the richly valued shares were weighed down by troublesome ripples in the American economy.