#AMDSharesSlideNearly10%
$AMD just dropped ∼10% — what happened?
Chip stocks got crushed this week.
AMD fell 10.5% during the sector selloff
June pullback: -10.86% to $466.38
Reason: Weak AI chip outlook from Broadcom sparked $1.3T wiped from AI chip ecosystem 7c278ce1
But context: AMD still has record server CPU market share and Wall Street just raised price targets to $640. 767ed3dc
$AMD just dropped ∼10% — what happened?
Chip stocks got crushed this week.
AMD fell 10.5% during the sector selloff
June pullback: -10.86% to $466.38
Reason: Weak AI chip outlook from Broadcom sparked $1.3T wiped from AI chip ecosystem 7c278ce1
But context: AMD still has record server CPU market share and Wall Street just raised price targets to $640. 767ed3dc