Advanced Micro Devices, Inc. is trading at $54.40 (-3.2%) as a broad semiconductor sell-off and weakness in high-valuation tech stocks weigh on the sector.
- The decline follows a slump in chip names triggered by Broadcom’s earnings, leading to a wider rotation away from AI-related growth stocks.
- Broader risk-off sentiment is pressuring the Nasdaq Composite, with semiconductors facing sustained selling pressure throughout the session.