🔴 Advanced Micro Devices is trading 3.04% down today as higher Treasury yields pressure growth stocks

Advanced Micro Devices is trading at $47.45 (-3.04%) as higher Treasury yields reduce the appeal of growth-oriented equities.

• Semiconductor stocks are also declining, while renewed Middle East tensions have lifted oil prices and revived inflation concerns, increasing expectations for higher interest rates.
• Reuters reported AMD, Nvidia, and Intel were already lower before the open as broader risk appetite weakened.
• AMD’s Saudi AI hub announcement was positive but does not explain today’s decline.