AMD was dealt a reality check after the last earnings update.Shares of Advanced Micro Devices (AMD 1.14%) have pulled a stunning round trip so far in 2024. Following management's increasingly upbeat commentary on sales related to artificial intelligence (AI) early in the year, the stock soared higher.But then reality started to settle in after the first-quarter update, and shares are now down about 30% from those peaks, reached early in the spring. If you've been following along, there's always been a clear ...