Advanced Micro Devices, Inc. is trading 10.1% down now at $48.92 following a sharp reversal in high-valuation semiconductor and AI names, exacerbated by broader tech-led market losses.
- The drop tracks sector-wide weakness triggered by Broadcom’s post-earnings slump.
- Stronger-than-expected U.S. jobs data is driving expectations for higher-for-longer interest rates, which is weighing heavily on growth-oriented stocks.