Why AMD Stock Sank 6% Today
The duration of the global semiconductor shortage just keeps getting shorter -- and with it, investor confidence in semiconductor stocks like Advanced Micro Devices (NASDAQ: AMD), which closed down 6.1% Tuesday.
Granted, a whole lot of stocks closed down today (the entire S&P 500 lost 2% on average), as rising interest rates spooked growth investors. But in the case of AMD, there seems to be a separate factor at work.
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Source Fool.com
