AMD Shares Slip Over 1% in Global Tech Selloff
AMD•AMD shares dipped by over 1% alongside Nvidia and Broadcom as the Nasdaq fell more than 1% on Tuesday. The slump, driven by valuation concerns and rising AI infrastructure costs, followed a 10% plunge in South Korea’s Kospi index as chip giants faced heavy selling.
1. Global Tech Market Drop
Global equity markets weakened as high-flying technology names slid on renewed valuation worries and concerns over escalating AI infrastructure expenditures. Wall Street’s Nasdaq composite fell more than 1% while the Dow Jones Industrial Average opened down roughly 0.7%, reflecting broad investor caution.
2. AMD’s Performance and Sector Impact
AMD shares lost over 1% in U.S. trading, tracking declines at Nvidia and Broadcom. The selloff followed a severe 10% fall in South Korea’s Kospi index driven by heavy selling of SK hynix and Samsung, highlighting contagion across the semiconductor sector.
