Why AMD Stock Is Plummeting Today
Advanced Micro Devices (NASDAQ: AMD) stock saw a day of big sell-offs Thursday. The semiconductor company's share price wound up down 8.4% in a day of trading that saw the S 500 fall 3.5% and the Nasdaq Composite fall 4.4%.
The stock market followed Wednesday's surge on tariff news with substantial sell-offs today as more information about import taxes on China came into focus. While President Donald Trump had stated that tariffs on the country would rise from 104% to 125% in a message posted yesterday, it turns out the new effective import tax rate on Chinese products is actually now at 145%.
AMD stock saw huge gains in yesterday's trading after Trump announced a 90-day pause on tariffs for countries other than China, but it experienced valuation retracement today after the White House stated that the 125% tariff rate on Chinese goods cited by the president was actually in addition to an existing import tax of 20% on products from the country.
Source Fool.com
Advanced Micro Devices Inc. Aktie
Die Advanced Micro Devices Inc. Aktie zieht viel Aufmerksamkeit auf sich: Viel mehr Buy- als Sell-Einschätzungen.
Dadurch ergibt sich bei einem Kursziel von 242 € ein leicht positives Potenzial von 10.18% im Vergleich zum aktuellen Kurs von 219.65 € bei Advanced Micro Devices Inc..
