Advanced Micro Devices, Inc. is trading at $48.79 (-4.33%) as high-beta chip stocks face pressure from a broad tech selloff and renewed macroeconomic concerns.
- The decline aligns with a weaker Nasdaq and sector-wide risk-off sentiment, with no company-specific catalysts identified in recent news.
- Broader markets remain soft following inflation data that reinforced expectations for the Federal Reserve to maintain current interest rates.