AMD Stock Falls as Every Stock in the Chip Index Drops…
By Abdelaziz Fathi
Source excerpt · FinanceFeeds
AMD stock fell 5.95% to $528.75 on Friday, October 16, as selling swept across the semiconductor industry and all 30 constituents of the Philadelphia Semiconductor Index finished lower. The index dropped 3.83% to 11,137.29, extending a difficult week for technology stocks as investors questioned the financing behind the artificial intelligence infrastructure boom. Advanced Micro Devices (NASDAQ: A…