Advanced Micro Devices Inc is trading 3.5% down at $458.94 as part of a broader retreat in AI and semiconductor stocks following recent volatility and profit-taking across the tech sector.
- Sentiment remains weak for growth and chip names as major indices decline and traders de-risk in response to inflation and interest rate uncertainty.
- The selloff persists despite the company co-leading a $350 million funding round for AI cloud startup TensorWave, as macro pressures outweigh individual positive developments.