🔴 AMD is trading 4.1% down today on Nasdaq selloff and rising AI chip competition

AMD is trading 4.1% down at $431.14 as investors pull back from high-flying AI chip names following a broader Nasdaq drop and renewed U.S.–China trade concerns.

• The decline follows a broader retreat in the tech-heavy Nasdaq and fresh concerns regarding semiconductor trade progress between the U.S. and China.
• AI startup Fractile is adding to competitive anxiety by touting new inference hardware that is reportedly 25x faster than existing incumbents.
• The selloff highlights mounting pressure in the data center GPU and AI accelerator space where AMD is currently investing heavily to maintain market share.