AMD Cyberattack? Hacker Claims To Sell Stolen Data, Company Says Working Closely With Law Enforcement Officials (UPDATED)
Portfolio Pulse from Nabaparna Bhattacharya
Advanced Micro Devices (AMD) has confirmed awareness of a cybercriminal organization claiming to possess stolen data. The company is working with law enforcement and third-party partners to investigate. The breach allegedly includes sensitive information such as ROMs, firmware, source code, and employee databases. AMD's stock was recently downgraded by Morgan Stanley, and the company announced a collaboration with VORAGO Technologies. AMD shares closed 2.38% lower at $154.63.
June 18, 2024 | 9:28 pm
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NEGATIVE IMPACT
AMD has confirmed a cybercriminal organization claims to possess stolen data, including sensitive information. The company is investigating with law enforcement. AMD shares closed 2.38% lower.
The news of a potential data breach involving sensitive information is likely to negatively impact investor sentiment in the short term. The stock has already reacted by closing 2.38% lower.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
AOT Growth And Innovation ETF, which includes AMD, may experience short-term volatility due to the reported data breach at AMD.
Given that AOTG includes AMD, the negative news about AMD's data breach could result in short-term volatility for the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Spear Alpha ETF, which includes AMD, may see short-term volatility due to the reported data breach at AMD.
As SPRX includes AMD, the negative news surrounding AMD's data breach could lead to short-term volatility in the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50