Mega-cap AMD, J&J Lead Market Cap Stock Movers on Wednesday
Why AMD Stock Fell 11.9% in December and Lost Rebound Gains in 2025
U.S. stock market early session | All three major Indexes fell, most Growth Tech stocks weakened, NVIDIA and Microsoft rose nearly 1% against the trend, while AMD dropped over 4%.
On the evening of the 8th in Peking time, US stocks opened lower on Wednesday. Concerns regarding the interest rate cut path led to a decline in US stocks yesterday, and the market is focusing on the Federal Reserve's monetary policy meeting minutes in December. The December ADP private employment data in the USA was below market expectations. The President-elect Trump is considering declaring a national economic emergency to promote new tariff policies.
AMD (AMD.US) invests in the startup Absci (ABSI.US) involved in the Medical Care sector.
AMD (AMD.US) announced a new partnership and investment with the startup Absci Corp (ABSI.US). Absci stated that it has received a $20 million investment from AMD to advance its product line. Absci's stock price rose 13% in the early hours of Wednesday. Absci indicated that the structure of this investment is a private investment in public equity, known as a PIPE Trade. AMD will support Absci in using its chips and software to create better biologics for patients, reduce infrastructure costs, and accelerate the innovation cycle. This is AMD's first investment in the Medical Care sector.
U.S. stocks fluctuate | PHLX Semiconductor Index falls by 1.3%: Super Micro Computer and AMD drop over 4%.
On January 8, according to Gelonghui, the PHLX Semiconductor Index in the U.S. stock market fell by 1.3%, with chip stocks broadly declining. Nuvation Semiconductor dropped by 9.3%, Wolfspeed fell by 7.9%, MaxLinear decreased by 5.1%, Super Micro Computer was down by 4.58%, AMD declined by 4.3%, GlobalFoundries fell by 3.88%, Cirrus Logic dropped by 3.66%, STMicroelectronics ADR decreased by 3.39%, Skyworks Solutions fell by 2.92%, and ON Semiconductor was down by 2.6%.
AMD Slides as HSBC Downgrades on Nvidia Worries
Market Update | AI drug development company Absci surged over 20%, receiving a $20 million investment from AMD.
Absci (ABSI.US) has received a $20 million investment from AMD (AMD.US) in the form of private equity (PIPE).
AMD Downgraded, Carvana Upgraded: Wall Street's Top Analyst Calls
Sector Update: Health Care Stocks Rise Premarket Wednesday
Absci Stock Jumps As AMD Invests $20M To Boost AI Drug Discovery
AMD Deal Sets up Head-to-head Battle Vs. Nvidia in AI-powered Drug Discovery
US Equity Futures Turn Lower Pre-Bell as Investors Eye Fed Minutes
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Evercore Maintains Advanced Micro Devices(AMD.US) With Buy Rating, Maintains Target Price $198
AMD Stock Down as HSBC Cuts Rating on Less Competitive AI Roadmap
US Stock Outlook | "ADP Employment Report" falls short of expectations! The three major futures indices show slight gains; boosted by AMD's bullish investment, AI startup ABSI rises over 40% in pre-market trading.
According to informed sources, Trump is considering declaring a national economic emergency to launch a new tariff plan; Federal Reserve Governor Waller: supports further interest rate cuts this year; Federal Reserve's Bostic: inflation will gradually decline, policymakers should remain cautious in their decision-making.
Abscri Shares Are Trading Higher After the Company Announced a Strategic Collaboration With AMD. Abscri Will Receive a $20 Million Investment as Part of the Deal.
Today's Analyst Rating | UBS Upgrades Bank of America to Buy, Salesforce Price Target Raised to $400 by Needham
Jan 8, Wall Street analysts have updated their stock ratings today including $Bank of America(BAC.US)$ and $Salesforce(CRM.US)$.
Zacks Investment Ideas Feature Highlights: Advanced Micro Devices and Nike
Advanced Micro Devices Analyst Ratings