AMD Stock Price Drops Below $200 as Oil Shock Hits Chip Shares, Meta Expands In-House AI Push
AMD shares fell 3.4% to $197.74 late Thursday, dropping below $200 as tech stocks slid amid a broader market selloff. The decline followed Iranian strikes on oil tankers that pushed crude prices higher and rattled Wall Street. Meta unveiled new in-house AI chips and confirmed a $60 billion AMD chip deal, while AMD CEO Lisa Su plans to visit South Korea next week for memory supply talks.