AMD shares fall 6.46% after 30% weekly surge on Nvidia leadership shock
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Advanced Micro Devices (NASDAQ:AMD) shares fell 6.46% to $547.52 as of 9:53 a.m. ET in Friday's regular session on November 13, handing back part of a run fueled by Jensen Huang's exit from Nvidia. The chipmaker had gained about 30% this…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishChip stocks are under pressure after the rally and Burry's bearish bets on semiconductors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01AMD fell 6.46% to $547.52 in Friday's session.
- 02The stock had gained about 30% during the week through Thursday.
- 03Michael Burry doubled his Nasdaq 100 puts and rebuilt part of a short on a semiconductor ETF.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Advanced Micro Devices, Inc.524.22 USD-0.37%today -10.44%Negative NVIDIA Corporation160.94 USD-0.35%today -3.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets