🔴 AMD is trading 3.5% down today after profit-taking at record highs

AMD is trading 3.5% down at $560.70 in pre-market action as investors lock in gains following a sharp rally to record highs.

• The stock is seeing a classic buy-the-rumor, sell-the-news pattern as capital rotates toward peers following recent sector-level AI chip news.
• The pullback follows a strong run-up where the stock consistently hit fresh 52-week and all-time highs in recent sessions.
• Despite the immediate profit-taking, the long-term demand outlook for AMD’s AI hardware remains constructive.