Advanced Micro Devices is trading 10.1% down now at $445.01 as investors dump semiconductor and AI names for a second straight day, questioning heavy AI infrastructure spending and reacting to reports of rising Chinese competition.
- The decline follows broader weakness in the semiconductor group, with sector ETFs trading sharply lower and major tech indices under pressure.
- Market analysts suggest the move is driven primarily by sector-wide macro sentiment rather than any new company-specific developments for Advanced Micro Devices.