AMD Shares Plunge Over 4% Premarket After Nvidia Debuts AI PC Chip
AMD•AMD shares dropped more than 4% in premarket trading after Nvidia unveiled a new laptop and desktop AI chip developed in partnership with Microsoft. U.S. stock index futures climbed as Intel also fell over 4% and Qualcomm tumbled 8.6% while oil prices rose on escalated U.S.-Iran hostilities.
1. Nvidia Unveils New AI PC Chip
Nvidia announced a new AI-capable chip for laptops and desktops, developed through a three-year partnership with Microsoft. The chip brings advanced AI inference and accelerated workloads to consumer devices and is slated for release this fall.
2. AMD Shares Fall Premarket
AMD shares slid more than 4% in premarket trading, mirroring a similar drop at Intel and following Qualcomm’s 8.6% tumble. The sell-off reflects investor rotation toward Nvidia and Microsoft on expectations of heightened competition in the PC market.
3. Market Reaction and Outlook
U.S. stock index futures rose, powered by a 2.4% gain in Nvidia and a 3.3% jump in Microsoft, while oil prices climbed due to escalated U.S.-Iran hostilities. Investors are bracing for increased equity volatility and will monitor upcoming economic data and central bank policy meetings.
