What's Going On With AMD Shares

Advanced Micro Devices, Inc. AMD shares are trading lower by 2.37% to $87.84 Wednesday afternoon. The stock is trading lower amid overall market weakness as investors anticipate upcoming CPI data. Major indices are also trading lower as investors assess the incoming results of the midterm elections.

What Else?

AMD shares have otherwise been volatile in recent sessions as stocks fall on concerns over a tight labor market, which could impact future Federal Reserve policy. Last Wednesday's Federal Reserve decision and subsequent comments from Fed Chair Powell sent stocks lower as Powell said the chances of a soft landing have narrowed and reiterated the need to combat inflation.

See Also: What's Going On With Tesla Stock Today

AMD and fellow chipmakers came under heavy selling pressure early in September, after Nvidia disclosed that the U.S. government had communicated to it in late August about a new licence requirement for future exports of its A100 and upcoming H100 chips to China and Russia.

AMD subsequently confirmed that its MI250 chip exports have been impacted by the same development...Read More

According to data from Benzinga Pro, AMD has a 52-week high of $164.46 and a 52-week low of $54.57.