Advanced Micro Devices is trading 7.7% down now at $47.55, extending a multi-day slide despite recently announcing a major 500MW AI data center capacity deal with Core Scientific.
- The decline is part of a broad semiconductor selloff fueled by investor concerns regarding AI capital expenditure returns and increasing competition from Chinese chip manufacturers.
- Broader U.S. indices are also trending modestly lower as market participants maintain a cautious stance ahead of the upcoming Federal Reserve interest rate decision.