What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 1.2% to $107.84. The stock is recovering after semiconductor and chip stocks dropped due to tech sector weakness and rate hike concerns. China's iPhone crackdown and Huawei's 5G Kirin 9000s chip-powered smartphone have added pressure to sector stocks. A ban on iPhones in China could lead to disruptions in the supply chain for semiconductor companies like AMD, potentially affecting their production and sales.
September 08, 2023 | 4:29 pm
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AMD's stock is recovering after a drop in semiconductor and chip stocks. However, China's iPhone crackdown and Huawei's new chip could disrupt AMD's supply chain, potentially affecting their production and sales.
AMD's stock is recovering after a sector-wide drop. However, the company faces potential disruptions in its supply chain due to China's iPhone crackdown and Huawei's new chip. These disruptions could affect AMD's production and sales, potentially impacting its stock price.
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