Advanced Micro Devices Inc is trading 10.1% down at $470.64 following a Zacks rating cut from strong-buy to hold and continued pressure on semiconductor names.
- The decline follows Broadcom’s weakly received AI outlook, which has triggered a broader sell-off across the chip sector.
- Growth and tech stocks are facing additional pressure as stronger-than-expected U.S. jobs data fuels a more hawkish interest-rate outlook and a risk-off move in the Nasdaq Composite.