🔴 AMD is trading 3.9% down today on Nvidia RTX Spark chip launch and profit-taking

AMD is trading 3.9% down at $496.09 following the unveiling of Nvidia’s new Arm-based RTX Spark PC superchip at Computex.

• The decline follows a sharp multi-day AI rally, prompting investors to take profits as Nvidia encroaches further into core CPU and GPU territories.

• Competition in the AI PC and data center sectors is intensifying, leading to strategic repositioning across high-flying semiconductor names.