AMD Shares Fall 5.43% as Semiconductor Stocks Retreat
AMD shares fell 5.43% to $572.62 as semiconductor stocks pulled back. The article cites hotter-than-expected U.S. inflation data, concerns about AI infrastructure monetization and revised OpenAI revenue figures among the pressures.
Advanced Micro Devices Inc. (NASDAQ: AMD) fell Wednesday as semiconductor shares retreated. The pullback came amid hotter-than-expected Consumer Price Index data, doubts about monetizing artificial intelligence infrastructure and a reset in OpenAI’s annualized revenue metrics. 9%.
AMD shares pulled back from recent levels. 6% forecast. 6% from the prior month. 5%, respectively.
1% for the month, accounting for more than half of the headline increase. 31%. Read Also: Morgan Stanley Cashes In on IPO Boom, Rakes in $232 Billion in New AI financing concerns added to pressure on chipmakers. Broadcom Inc.
(NASDAQ: AVGO) CEO Hock Tan and Intel Corp. (NASDAQ: INTC) CEO Lip-Bu Tan discussed industry challenges Monday at the DBS Asia Future Forward Conference in Singapore. “I think capital might be the biggest constraint,” Hock Tan said, according to CNBC. Lip-Bu Tan said capital availability and its cost were challenges in the near term, while investors would also want to see the return on investment over the longer term.
The Financial Times reported Thursday that OpenAI told investors its annualized revenue was approximately 50 billion at the end of September. That figure was below earlier estimates of 70 billion, following changes to the calculation methodology. 95. The 50-day SMA is also above the 200-day SMA, a traditional sign that the uptrend remains intact.
5% below its 20-day SMA. 11, the latest pullback appears to be weighing on the short-term trend. 06, a neutral reading that suggests momentum is cooling after the run into the October peak. The 52-week high area from October is a nearby resistance reference; failed attempts to retest it can leave rebounds choppy.
50 as key resistance near the 52-week high zone, where rebounds may stall. 75. That level could serve as a line in the sand if selling accelerates. 62 at the time of publication on Wednesday, according to Pro data.
2 billion regulatory settlement takes a bite out of earnings. Image via Shutterstock.