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Why Are Advanced Micro Devices Shares Falling Monday?
Shares of chip stocks, including Advanced Micro Devices Inc. (NASDAQ:AMD), are trading lower Monday. The sector may be selling off following strength in the first half of 2024, driven by AI momentum.W
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US Semis Sector Rides Rising Tide of AI to Reach Record Valuations: Bernstein
US AI chip stocks fell, with Nvidia down more than 2%.
On July 1st, Guo Lianhui reported that American AI chip concept stocks fell, with AMD falling more than 4.7%, Nvidia falling more than 2%, NXP Semiconductors falling more than 1.8%, Taiwan Semiconductor falling more than 1%, and Qualcomm falling more than 0.8%. This sector may experience selling after strong growth driven by the AI boom in the first half of 2024.
Shares of Chip Stocks Are Trading Lower. The Sector May Be Selling off Following Strength in the First Half of 2024, Driven by AI Momentum.
Shares of Chip Stocks Are Trading Lower. The Sector May Be Selling off Following Strength in the First Half of 2024, Driven by AI Momentum.
Most of the semiconductor concept stocks in US stocks fell.
On July 1st, ARM is currently down more than 5.3%, Nvidia's double-long ETF is down more than 4.7%, AMD is down about 4.3%, and Nvidia and Micron are down at least 2.3%.