Advanced Micro Devices is trading 5.3% down at $540.74 amid inflation concerns and semiconductor-sector weakness. - The decline follows a 5.73% drop on October 14, when hotter-than-expected U.S. inflation revived rate-hike concerns and pressured technology stocks. - Reporting says chipmakers were swept up in Wednesdayβs semiconductor sell-off amid worries about AI financing and competition from China. - Investors are reassessing AI spending and valuations; no clear company-specific catalyst was identified.
π΄ Advanced Micro Devices is trading 5.3% down today as inflation revives rate-hike concerns