AMDC is trading at $20.15, down 4.58% from the September 9 close, partly reversing its recent rally as weaker Nasdaq futures and broad technology underperformance follow August PPI data reinforcing inflation and interest-rate concerns.
- Reuters said S&P 500 and Nasdaq futures extended losses after the PPI release.
- Escalating U.S.-Iran tensions pushed Brent above $100/barrel, renewing concerns about inflation, rates and global risk appetite.
- Macro pressure outweighs AMD’s recent AI-market optimism, weighing on leveraged semiconductor exposure.