Advanced Micro Devices Inc. stock, one of the star tech performers of recent years, is stuck in a year-to-date rut. The lackluster phase comes despite the company continuing to do well fundamentally. AMD Lags Tech Recovery Ever since peaking at $164.46 on November 30, AMD stock has traced a broader downtrend marked by intermittent rallies and pullbacks. It has failed to gather enough momentum to challenge the November peak. The tremors of rate hike fears and geopolitical tensions surrounding the Ukraine war were first felt among tech stocks. AMD had a hard landing in the process and plunged to a low of $99.35 on Jan. 28, a peak-trough decline of about 40 percent in two months. Although the stock recovered from the bottom, it has been rangebound, trading mostly between $100 and $125. Source: TradingView For the year-to-date period, AMD has lost about 28 percent. This compares to a more modest 19 percent …