AMD falls about 9% as chip stocks retreat in Friday trading
The decline reversed direction from Thursday. Broadcom and Intel also fell in the morning cash session.
AMD shares fell about 9% in Friday morning trading, reversing direction after Thursday's rally as several large chip stocks also moved lower.
At 10:59:41 AM ET, Yahoo Finance quoted AMD at $531.20, down $54.10, or 9.24%, from Thursday's $585.30 close. CNBC's separate quote marked 10:54 AM ET showed $530.14, down 9.42%. The snapshots differ, but both put the decline at roughly 9%; neither is a live price feed on this page.
The weakness extended beyond AMD. In its 10:26 AM ET market report, Yahoo Finance said Broadcom was down roughly 6%, Intel about 5% and Taiwan Semiconductor Manufacturing more than 3%. Nvidia was also lower.
These are morning cash-session moves, not closing results or weekly returns. A large price decline describes the trading move; it does not, by itself, establish a change in AMD's reported earnings or a single confirmed cause for the selling.
