Why AMD Stock Is Plummeting Today
Advanced Micro Devices (NASDAQ: AMD) stock is losing ground Thursday. The semiconductor company's share price was down 5.6% as of 3 p.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) declined 0.8%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 1.3% in the session.
AMD stock is sinking amid a new round of bearish macroeconomic data. Concerns that valuations for artificial intelligence (AI) companies could be overly elevated are also factoring into the pullback.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€206.40
-1.220%
The stock is one of the favorites of our community with 106 Buy predictions and 3 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 18.7% for Advanced Micro Devices Inc. compared to the current price of 206.4 €.
