What's Going On With Advanced Micro Devices Stock Tuesday?
Portfolio Pulse from Dylan Berman
Advanced Micro Devices (AMD) stock is trading lower due to ASML's soft guidance and potential U.S. export controls on chips. ASML's guidance and U.S. policy considerations are impacting the chip sector.
October 15, 2024 | 5:28 pm
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NEGATIVE IMPACT
AMD shares are down 5.11% as the chip sector reacts to ASML's soft guidance and potential U.S. export controls on chips.
AMD's stock is affected by ASML's guidance as both companies are key players in the chip industry. Additionally, potential U.S. export controls on chips add to the negative sentiment, leading to a 5.11% drop in AMD's stock price.
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IMPORTANCE 70
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