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NEW YORK ( TheStreet) -- Advanced Micro Devices (NYSE: AMD) hit a new 52-week low Thursday as it is currently trading at $3.97, below its previous 52-week low of $3.98 with 8.7 million shares traded as of 1:30 p.m. ET. Average volume has been 17.1 million shares over the past 30 days. Advanced Micro Devices has a market cap of $2.85 billion and is part of the technology sector and electronics industry. Shares are down 24.8% year to date as of the close of trading on Wednesday. Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company designs, develops, and sells microprocessor products, such as central processing unit (CPU) and accelerated processing unit (APU) for servers, desktop personal computers (PCs), and mobile devices.