AMD closes down 8.75% amid AI chip sector sell-off
AMD Advanced Micro Devices Inc
$534.06 -8.75%
View chart & analysis → - 1AMD shares surrendered early gains amid a sell-off in the AI chip sector to close down 8.75% at $534.06.
- 2AMD trading volume reached 48.6 million shares, a 98% excess over its 3-month average of 24.6 million shares.
- 3Nvidia recorded a 2.01% decline to $162.85, while Intel closed down 2.52% at $59.66.
So what's the key point?
AMD shares fell 8.75% as investors sold off artificial intelligence chip stocks all at once. This means the price dropped significantly because many people were selling their shares.
Source The Motley Fool +1 · View original ↗
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