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AMD Drops 4% as Chip Sector Lags Market Despite AI Growth Potential

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The Story

News Summary

  • AMD shares slid nearly 4% alongside broader semiconductor weakness despite overall US market gains.
  • While Wall Street maintains bullish long-term price targets backed by AMD's $4.75 billion bond offering for AI expansion, custom chip developments and sector selectivity continue to pressure the stock in the near term.
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AMD price history

516.13 +140.00% over the displayed period

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