🔴 AMD is trading 3% down in pre-market

AMD is trading at $244.49 (-3.05%) in pre-market, aligning with broader market weakness driven by Microsoft’s recent 10% tumble and general risk-off sentiment.

• Major indices are also significantly lower (Nasdaq -1.07%, S&P 500 -0.79%).
• The downturn is fueled by concerns over high AI capex spending, geopolitical tensions (U.S.-Iran), and surging trade deficit data.
• Positive analyst notes regarding Intel supply issues boosting AMD are currently overshadowed by the risk-off environment.