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Why AMD Stock Is Sinking Today


Advanced Micro Devices (NASDAQ: AMD) stock has regained ground following big losses early in Wednesday's session, but it's still in the red today. The semiconductor company's share price was down 2.3% as of 2:30 p.m. ET, but it had been down as much as 7.9% earlier in trading.

There doesn't appear to be any fresh, business-specific news driving AMD's pullback today. Instead, the sell-off is being propelled by the market's analysis of Broadcom's recent quarterly report.

Image source: Getty Images.

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Source Fool.com

Advanced Micro Devices Inc. Stock

€404.95
-10.190%
Advanced Micro Devices Inc. took a tumble today and lost -€45.900 (-10.190%).
The stock is one of the favorites of our community with 105 Buy predictions and 3 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 5.2% for Advanced Micro Devices Inc. compared to the current price of 404.95 €.
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