AMD stock tumbles on MI450 delay chatter as Wall Street braces for earnings week
AMD shares fell 6.1% to $236.73 Friday after a report raised concerns about possible delays to its MI450 AI chip. The drop outpaced a broader tech sell-off triggered by higher producer prices and uncertainty over Federal Reserve leadership. Investors are focused on AMD’s Feb. 3 earnings release. The Nasdaq Composite closed down 0.94%.