Why AMD Stock Is Tumbling Today

Shares of semiconductor specialist Advanced Micro Devices (NASDAQ: AMD) were falling today, likely in response to new data on U.S. jobless claims. 

Investors are processing the latest employment data that showed a stronger-than-expected labor market. That has some worried the Federal Reserve will continue to raise interest rates to cool the economy down. 

As of 1:14 p.m. ET, AMD's stock had fallen 6.4%.  

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Source Fool.com