Why AMD Stock Is Sinking Today
(NASDAQ: AMD) stock is getting hit with sell-offs in Monday's trading. The semiconductor company's share price was down 7% as of 3:45 p.m. ET amid the backdrop of a 1.8% decline for the S 500 (SNPINDEX: ^GSPC) and a 3.5% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC).
AMD stock is losing ground today as investors digest the implications of the latest artificial intelligence (AI) model from DeepSeek -- a Chinese start-up company that's delivering software that outperforms OpenAI's ChatGPT in some respects. The semiconductor specialist's share price is also facing pressure from an increasingly bearish outlook on the Federal Reserve's interest rate policy for this year.
Wall Street is reacting to DeepSeek's new AI model today, and stocks are seeing big sell-offs amid concerns about the U.S.'s competitive positioning against China in the artificial intelligence space. DeepSeek's new software is delivering performance breakthroughs on some fronts and was reportedly developed in less than two months and trained at a cost of only $5.6 million. For comparison, OpenAI's ChatGPT-4 reportedly cost over $100 million to train.
Source Fool.com
Advanced Micro Devices Inc. Stock
With 113 Buy predictions and 3 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 178 € shows a slightly positive potential of 4.4% compared to the current price of 170.5 € for Advanced Micro Devices Inc..
