🔴 Advanced Micro Devices is trading 3.59% down in pre-market as hotter-than-expected U.S. inflation revived rate concerns

Advanced Micro Devices is trading at $550.35 (-3.59%) in pre-market as a global chip sell-off deepens after hotter-than-expected U.S. inflation revived interest-rate concerns.

• The decline follows a 5.73% drop on October 14, when inflation worries pressured semiconductor shares.
• Nasdaq futures were also down 1.11%, adding to the weak technology backdrop.
• No clear company-specific catalyst was identified for the pre-market move.