🟢 Advanced Micro Devices is trading 3.2% up today as chip stocks recover after sharp selloff

Advanced Micro Devices is trading at $57.40, up +3.24%, as semiconductor peers rebound after last week's sharp selloff.

• Reuters reported Advanced Micro Devices gained 3.5% in Monday premarket trading as U.S. chip stocks recovered.
• Lower Treasury yields and easing crude oil prices supported broader AI trade as investors bought beaten-down chip stocks.
• The Philadelphia semiconductor index had fallen for eight straight sessions amid inflation and AI-spending concerns; no clear company-specific catalyst was identified for October 19.