AMD shares fell 5.6% as broader semiconductor weakness and concerns over AI infrastructure spending weighed on tech stocks, while rising Treasury yields pressured the Nasdaq and S&P 500.
PHLX Semiconductor Index recorded declines in recent sessions as selling pressure extended across multiple chipmakers.
Nasdaq Composite fell 1.8% as technology and growth stocks sold off amid higher Treasury yields.
AMD shares fell 5.6% in pre-market trading amid AI development debate and broader semiconductor sector selling pressure.
S&P 500 declined 0.8% as broad market weakness weighed on equities.
Nvidia shares weakened alongside AMD and other chipmakers as investors reassessed AI infrastructure spending outlook.
Intel shares declined with other semiconductor stocks amid sector-wide selling pressure.
Dow Jones Industrial Average fell 0.3% in a broad equity market decline.
Advanced Micro Devices shares dropped 5.6% in pre-market trading as investors reassessed AI infrastructure spending. The decline reflects a wider sell-off in the semiconductor sector, with the PHLX Semiconductor Index and major indices like the Nasdaq Composite also retreating amid rising Treasury yields.
Semiconductor stocks are facing selling pressure due to investor concerns over the sustainability of AI infrastructure spending and the impact of rising Treasury yields on growth stocks.