๐ AMD $AMD sinks ~9% midday as chip stocks get crushed by China competition shock
Advanced Micro Devices (AMD) is down roughly 9% at midday, leading a brutal chip sector selloff sparked by SK Hynix cratering 14%+ in Asian trading. The trigger: reports of a Chinese state-owned enterprise beginning mass production of chipmaking equipment, raising fears of a new wave of competition in DRAM and AI chips. AMD-specific pain: its 2026 AI accelerator revenue targets underwhelmed elevated Street expectations. Nvidia, Intel, and Micron are all off 5%+ too. Not financial advice. Buy the dip or brace for more chip pain?
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