Why AMD Stock Was Sliding Today
Shares of Advanced Micro Devices (NASDAQ: AMD) were taking a dive today in response to an analyst downgrade, calling out weakness in its artificial intelligence (AI) division.
In addition, the stock may have reacted negatively to a downbeat employment report, as well as a new threat about tariffs on semiconductors. Finally, reports came out showing that OpenAI was planning to make its own AI chips for the first time, which could threaten suppliers like AMD and Nvidia.
As a result, the stock was down 6.3% as of 11:28 a.m. ET.
Source Fool.com
Advanced Micro Devices Inc. Stock
€412.90
-1.890%
The stock is one of the favorites of our community with 109 Buy predictions and 3 Sell predictions.
With a target price of 521 € there is a positive potential of 26.18% for Advanced Micro Devices Inc. compared to the current price of 412.9 €.
