What's Going On AMD Stock Monday

Advanced Micro Devices, Inc AMD stock is trading lower Monday amid reports of a drop in AMD Radeon RX 7600 prices.

The graphics processing unit (GPU) is now available for $249, marking a $20 discount from its original MSRP.

The price drop for AMD Radeon RX 7600 was evident at launch in European stores, with a 13% decline from MSRP. 

The declining trend may be due to Nvidia Corp's NVDA upcoming RTX 4060 on June 29. 

Reportedly, the RX 7600 slightly lags behind the RTX 4060 in raytracing performance.

AMD is engaged in an AI battle with Nvidia that was pivotal to Nvidia's entry into the trillion-dollar valuation club.

The session volume breached the 40 million mark versus the 100-day average of 68 million.

Price Action: AMD shares traded lower by 2.55% at $107.31 on the last check Monday.

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