China’s breakthrough in domestic chipmaking equipment sparked a major semiconductor sell-off, dragging down Advanced Micro Devices, Inc. (NASDAQ:AMD) despite strong fundamentals. Advanced Micro Devices, Inc. (NASDAQ:AMD) fell over 8%, recording the steepest decline among its peers. Post-drop, Advanced Micro Devices, Inc. (NASDAQ:AMD) is trading near a forward P/E of 60 – approximately two times the industry median of 30x. Bottom LineAdvanced Micro Devices, Inc. (NASDAQ:AMD)’s sell-off mispriced the risk to its EUV-based accelerator roadmap. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.