AMD shares are trading lower amid weakness in semis following Wolfspeed earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of Advanced Micro Devices (AMD) are trading lower due to weakness in the semiconductor sector following Wolfspeed's earnings report.

August 17, 2023 | 7:26 pm
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NEGATIVE IMPACT
AMD's stock price is falling due to a weak semiconductor sector following Wolfspeed's earnings report.
AMD's stock price is being negatively impacted due to the overall weakness in the semiconductor sector. This weakness is a result of Wolfspeed's earnings report, which likely did not meet market expectations, causing a ripple effect in the sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100