What's Going On With AMD Shares

Advanced Micro Devices, Inc. AMD shares are trading near session lows going into Wednesday's close. The stock is trading lower in sympathy with the broader market following Wednesday's Federal Reserve decision.

AMD's stock, like many tech companies, is often valued based on expectations of future growth and earnings. When interest rates rise, investors may reevaluate their valuation models, using higher discount rates to estimate the present value of AMD's future cash flows.

This can result in a lower valuation for the company and a decrease in its stock price.

What Happened?

The Federal Reserve maintained the federal funds rate at its existing range of 5.25% to 5.5% during its September meeting, as largely predicted by the market.

The Fed statement reiterated that additional policy firming to bring inflation to the 2% target may be appropriate depending on the upcoming economic data, effectively keeping the possibility of a future rate hike on the table...Read More

According to data from Benzinga Pro, AMD has a 52-week high of $132.83 and a 52-week low of $54.57.