AMD Stock Set for Early Test After Nvidia Move
AMD shares dropped premarket Monday as Nvidia made a move at Computex to get more serious about PC chips. AMD has battled Intel for a long time in that segment, betting AI might give it a new growth push. AMD traded at $496.50 before the bell, off 3.8%, as of 6:59 a.m. EDT, MarketScreener showed. Shares finished at $516.10 on Friday. The stock is still up around 141% this year on the back of a sharp AI-driven rerating.