AMD stock price falls 2% as oil tops $100, Meta chip plans and Nvidia GTC loom
AMD shares fell 2.2% to $193.39 Friday as semiconductor stocks slid and the Nasdaq dropped 0.9%, with Brent crude closing above $100 a barrel. Nvidia lost 1.6%, while Intel rose 1.2%. AMD CEO Lisa Su is set to meet Samsung’s Jay Y. Lee next week to discuss high-bandwidth memory amid ongoing supply shortages. Meta unveiled four in-house AI chips but will continue buying from AMD and Nvidia.