<div id="readability-page-1">Money Markets How Low Can AMD Stock Go?  ByTrefis Team ,  Contributor.  Forbes contributors publish independent expert analyses and insights. Building a platform to do the job of 1 million analysts for  Great Speculations Follow Author Dec 15, 2025, 11:24am EST  Lisa Su, chairwoman and CEO of Advanced Micro Devices (AMD), delivers the opening keynote speech at Computex 2024, Taiwan's premier tech expo, in Taipei on June 3, 2024. (Photo by I-Hwa CHENG / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) AFP via Getty Images Advanced Micro Devices (AMD) shares have decreased by 18.6% over the course of 21 trading days. This recent downturn stems from revived worries concerning intense competition in AI and Oracle's capital expenditure troubles, yet steep declines such as this often prompt a more challenging inquiry: is the current weakness short-lived, or indicative of more profound issues?  Before we assess its downturn resilience, let’s examine the current standing of Advanced Micro Devices.  Size: Advanced Micro Devices is valued at $343 billion, boasting $32 billion in revenue and currently trading at $210.78.  Fundamentals: The revenue growth over the last 12 months is 31.8%, with an operating margin of 9.4%.  Liquidity: It has a debt-to-equity ratio of 0.01 and a cash-to-assets ratio of 0.09.  Valuation: The stock for Advanced Micro Devices is presently trading at a P/E multiple of 79.6 and a P/EBIT multiple of 85.7.  It has shown a median return of 17.4% within a year following sharp declines since 2010. For more details, see AMD Dip Buy Analysis.  These figures indicate a strong, paired with a strong valuation, making the stock strong. For further insights, refer to Buy or Sell AMD Stock .  This leads us to a crucial consideration for investors anxious about this drop: how resilient is AMD stock in the event of a market downturn? This is where our downturn resilience framework comes into play. If AMD stock drops another 20-30% to $148, can investors confidently hold on? The evidence suggests the stock has performed worse than the S&amp;P 500 index during different economic downturns, based on (a) the extent of the stock's decline and (b) the speed of its recovery. Below, we explore each of these downturns in greater detail.  2022 Inflation Shock  AMD stock declined by 65.4% from its peak of $161.91 on 29 November 2021 to $55.94 on 14 October 2022, compared to a peak-to-trough drop of 25.4% for the S&amp;P 500.  Nonetheless, the stock fully rebounded to its pre-crisis peak by 18 January 2024.  Since then, the stock has ascended to a high of $264.33 on 29 October 2025, and currently trades at $210.78.  inflation shock Trefis 2020 Covid Pandemic  AMD stock dropped 34.3% from a peak of $58.90 on 19 February 2020 to $38.71 on 16 March 2020, while the S&amp;P 500 experienced a peak-to-trough reduction of 33.9%.  Yet, the stock completely recuperated to its pre-crisis peak by 22 July 2020.  pandemic shock Trefis MORE FOR YOU 2018 Correction  AMD stock decreased by 49.1% from a peak of $32.72 on 14 September 2018 to $16.65 on 24 December 2018, contrasting with a peak-to-trough decline of 19.8% for the S&amp;P 500.  Nonetheless, the stock completely recovered to its pre-crisis peak by 10 June 2019.  2018 correction Trefis 2008 Global Financial Crisis  AMD stock plummeted by 91.2% from a high of $20.35 on 1 January 2007 to $1.80 on 25 November 2008, against a peak-to-trough decline of 56.8% for the S&amp;P 500.  However, the stock completely recovered to its pre-crisis peak by 21 August 2018.  financial crisis Trefis Feeling anxious about AMD stock? Consider a portfolio strategy.  Portfolios Are The Smarter Way To Invest  Stocks rise and fall - the essential factor is remaining invested. A well-diversified portfolio keeps you engaged in the market, enhances returns, and mitigates individual stock risks.  The Trefis High Quality (HQ) Portfolio , consisting of 30 stocks, has historically outperformed its benchmark that includes all three indices: the S&amp;P 500, S&amp;P mid-cap, and Russell 2000. Why is this the case? As a collective, HQ Portfolio stocks have yielded superior returns with lower risk compared to the benchmark index; they have exhibited less volatility, demonstrated in the HQ Portfolio performance metrics .  Editorial Standards Reprints &amp; Permissions LOADING VIDEO PLAYER... FORBES’ FEATURED Video</div>

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<p>Advanced Micro Devices (AMD) shares have dropped 18.6% in 21 trading days due to competition in AI and Oracle's capital expenditure issues. Despite strong fundamentals, AMD's stock has historically performed worse than the S&P 500 during economic downturns. Investors are advised to consider portfolio diversification to mitigate risks.</p>

- Advanced Micro Devices (AMD) shares have fallen by 18.6% in 21 trading days due to concerns over competition in AI and Oracle's capital expenditure issues.  
- Despite this decline, AMD has shown strong fundamentals, with a revenue growth of 31.8% and a market valuation of $343 billion, currently trading at $210.78.  
- Historical performance indicates that AMD stock has rebounded from significant downturns, but it has underperformed compared to the S&P 500 during economic crises, raising questions about its resilience in future market downturns.