🔴 AMD is trading 3.1% down today as Middle East escalation triggers market selloff

AMD is trading at $193.95 (-3.1%) in pre-market as escalating Middle East tensions and reported US-Israel strikes on Iran trigger a broad market selloff.

• Major indices are down sharply, with the S&P 500 falling 1.11% and the NASDAQ dropping 1.47% as investors pivot to safe-haven assets.
• Oil prices surged 9-10% following the closure of the Strait of Hormuz, while global equity futures dropped over 1%.
• The decline tracks macro-geopolitical risks rather than company-specific news, following the recent Ryzen AI 400 series launch at MWC 2026.