AMD stock slides after-hours despite price-target hikes as Fed week looms
AMD shares fell 3.3% to $251.31 in after-hours trading Monday, ending a nine-day winning streak. The drop followed a price target hike from Piper Sandler and comes as investors await the Fed’s Jan. 28 decision and AMD’s Feb. 3 earnings report. Microsoft’s launch of a new AI chip Monday added pressure to the sector.