Advanced Micro Devices is trading 12.2% down at $47.75 as reports of a major Chinese chipmaking equipment breakthrough extend a broader semiconductor sector sell-off.
- The chip sector and AI-exposed stocks face pressure from rising infrastructure costs and intensified competition in the Chinese market.
- Investors remain cautious ahead of the upcoming FOMC meeting, with no company-specific news released for AMD to counter the macro and sector-wide headwinds.