🔴 Advanced Micro Devices is trading 8.42% down today after Intel’s weak outlook sparked a chip-sector selloff

Advanced Micro Devices is trading at $54.40, down 8.42%, apparently in step with a semiconductor selloff after Intel’s weak fourth-quarter outlook raised concerns about PC demand and AI-related spending.

• Reuters reported AMD fell alongside chipmakers on October 30, when Intel’s warning triggered a broader chip-sector retreat.
• No new company-specific announcement explaining the November 2 decline surfaced in the search. AMD’s third-quarter results are scheduled for November 3, keeping attention on its outlook.