NVDA - Why Are Advanced Micro Devices Shares Falling Monday? | Benzinga
Shares of chip stocks, including Advanced Micro Devices Inc. (NASDAQ:AMD), are trading lower Monday. The sector may be selling off following strength in the first half of 2024, driven by AI momentum.
What To Know: Despite a high Price to Earnings (P/E) ratio of 235.09, indicating a high valuation, AMD’s Price to Book (P/B) ratio of 4.67 and Price to Sales (P/S) ratio of 11.61 suggest ...