AMD Today - Jul 10: Chip Selloff Hits Hard

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AMD Today - Jul 10: Chip Selloff Hits Hard

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Hey there! It's Joey, your friendly longtime investor here, breaking down what went down today with AMD. So, today was a red day for AMD. The stock barely moved, just a tiny dip of 0.05%.

Now, what happened? Well, it got smoked today. There was a pretty big chip selloff triggered by some not-so-great earnings from Samsung. Yeah, when Samsung's numbers drop, it tends to send shockwaves through the semiconductor world, and today was no exception. AMD felt the heat, along with Intel and Applied Materials, which both took a pretty big hit too—around 10% down. Ouch!

As for the why behind all this? It seems like folks are worried about supply chain issues and how they might affect AMD moving forward. A few articles pointed out that while AMD’s stock has been on fire this year—up over 155%—there are some bumps in the road ahead. One article mentioned that a supply chain bottleneck could change the game for AMD if it doesn't get sorted out. Plus, Cathie Wood, you know, the big-time investor, recently dumped her AMD shares to double down on Meta. That kind of move can definitely shake things up in the market.

Looking ahead, there’s chatter about AMD still being a strong player in the chip game. Even with today's dip, some analysts believe there's still upside potential. Just a heads up, they're talking about a possible 16% more growth in the future, but who really knows?

So, yeah, today was a bit of a rough ride for AMD, but it's been a wild year overall. Remember, this is all just for fun and info—no financial advice here! Catch you later!

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