Advanced Micro Devices (NASDAQ: AMD) stock has headed lower in Tuesday's trading, but it's also regained some ground from sell-offs at the beginning of the session. The semiconductor company's share price was down 1.5% as of 3 p.m. ET in the context of flat trading for the S 500 index and a 0.3% decline for the Nasdaq Composite index. The stock had been off as much as 4.9% near the start of trading.
After hitting a record high in yesterday's trading, the Nasdaq Composite is seeing a modest pullback today. Sell-offs for chip stocks including AMD played a big role in pushing the index significantly lower early in trading, but there has been a valuation recovery trend as the day has progressed.
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Source Fool.com