Advanced Micro Devices Shares Drop 13% Amid Broad Technology Selloff
Shares of Advanced Micro Devices (AMD) experienced a significant decline on Friday, falling nearly 13% during intraday trading. The stock hit a low of $492.36 as the semiconductor manufacturer faced downward pressure alongside a wider selloff across the technology sector. The price volatility comes ahead of AMD's upcoming scheduled earnings report, which is set for release on November 3. Investors appear to be recalibrating positions in high-growth tech stocks leading up to these key financial results.