Stock summary: Advanced Micro Devices faced overall decline of 4.58% during this week

Advanced Micro Devices Inc. (AMD) closed at 116.04 USD on January 10, 7:59 PM GMT-5, reflecting a significant loss of 5.57 USD (-4.58%) over the past five days.

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Advanced Micro Devices Inc. (AMD) closed at 116.04 USD on January 10, 7:59 PM GMT-5, reflecting a significant loss of 5.57 USD (-4.58%) over the past five days. The stock opened the session at 118.18 USD and briefly touched a high of 118.71 USD before succumbing to selling pressure. It reached a low of 114.45 USD during the week, demonstrating market volatility.

In after-hours trading, AMD slipped further by 0.41 USD (-0.35%), closing at 115.63 USD, indicating continued caution among investors.

With a market capitalization of 18.83 KCr, AMD remains a leader in the semiconductor industry, despite this week’s pullback. The trading range of 114.45 USD to 118.71 USD highlights investor concerns amidst broader market challenges, contributing to the stock’s underperformance.

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Reportedly, the stock started falling after Goldman Sachs, an investment banking company downgraded the chip maker’s shares..

Disclaimer: This article is for informational purposes only and does not constitute any financial advice.