๐ AMD pulls back 7%+ after record $584 high โ chip bulls taking profits to start Q3
After AMD hit an all-time high of $584.73 on June 30, shares slid more than 7% on July 1 as semiconductor investors locked in gains following a monster Q2. AMD is still up roughly 163% in 2026, with Wells Fargo lifting its price target even on the down day โ the AI chip thesis is intact, but valuations are doing a lot of work right now. Not financial advice. Is this the correction you have been waiting for to add more, or does 163% YTD still feel stretched?
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