Why did amd go down today

Advanced Micro Devices (AMD) experienced a decline of 7.56% in its stock price on October 29, 2024, which can be attributed to the following factors:

1. Revenue Forecast Miss: AMD's stock price fell after the company's revenue forecast for the fourth quarter missed analysts' estimates. Despite expecting revenue of $7.5 billion, the company's outlook fell slightly below the consensus forecast of $7.55 billion. This slight miss could have raised concerns among investors about the pace of AI-related growth.
2. Supply Chain Constraints: AMD's stock price was also affected by supply chain constraints that hindered the company's ability to meet strong demand for AI chips. These constraints could have led to a shortfall in expected revenue, contributing to the decline in the company's stock price.

In summary, AMD's stock decline on October 29, 2024, can be attributed to a combination of a revenue forecast miss and supply chain constraints.