What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading lower by 2.2% amid tech sector weakness, fueled by rate hike concerns and China's iPhone crackdown. The ban on iPhones within certain government and state-owned entities in China could lead to disruptions in the supply chain for semiconductor companies like AMD, potentially affecting their production and sales.
September 07, 2023 | 6:17 pm
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AMD's stock is trading lower due to tech sector weakness and China's iPhone crackdown. This could potentially disrupt AMD's supply chain, affecting production and sales.
The tech sector weakness and China's iPhone crackdown are negatively impacting AMD's stock. The potential supply chain disruptions due to the ban on iPhones in China could affect AMD's production and sales, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100