Advanced Micro Devices (NASDAQ: AMD) has been a significant player in the semiconductor space for years, designing chips for everything from PCs to data centers. While many other semiconductor stocks have received a nice bump in their share price thanks to artificial intelligence (AI),

Advanced Micro Devices shows bearish near-term signals but strong growth ahead. Learn why AMD stock could be an attractive buy for patient investors.

News sent the VanEck Vectors Semiconductor ETF 0.71% lower, but AMD stock was one of the worst performers in the group. AMD’s poor performance is rooted in its decidedly bearish technical trend. Shares of AMD shifted into a bearish trend in November as the stock’s 50-day moving average rolled over into a declining pattern.

AMD (NASDAQ: AMD) stock is losing ground in Wednesday's trading. The semiconductor company's share price was down 3.6% as of 11:45 a.m. ET and had been down as much as 5.2% earlier in the session. AMD stock is falling today on the heels of bearish coverage from HSBC.