AMD Falls Sharply in AI-Chip Sell-Off as Early Gains Reverse
· 6 sources
Yahoo Finance and Moomoo report AMD sank on Nov. 13 in a sector-wide AI-chip sell-off, while MarketBeat notes a drop below its 50-day average.
What happened
Advanced Micro Devices (AMD) fell sharply on Nov. 13 during a sell-off in AI-related chip stocks, according to Yahoo Finance. The report says the stock had early gains that later reversed, ending down 8.75%.
Moomoo describes the decline as roughly 9% and looks at options flow and dark-pool activity around the move. MarketBeat reports that AMD shares crossed below their 50-day moving average, and links the item to insider selling.
Other coverage took a broader view. TIKR.com says 22 big funds bought AMD and that the stock sits 31% below its high, while The Motley Fool compares Nvidia and AMD and says factors moving Nvidia's stock are not entirely tied to its business. Simply Wall St discusses AMD's progress in AI and quantum.
Context
AMD and Nvidia are two of the best-known makers of chips used in artificial intelligence computing, so sector sentiment often affects both stocks.
Why it matters
The move shows how closely AI-chip stocks can trade together, which matters for investors following AMD, Nvidia and the wider semiconductor sector.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $431.75 and $613.08; 9 in 10, between $316.40 and $836.58.
$155.16Fair range: $112.11 to $214.75The price ($162.85) is 5.0% above that figure: close to its fair value.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $147.62 and $177.48; 9 in 10, between $125.38 and $208.96.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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