AMD Stock Drops Today as OpenAI Worries Hit the AI Chip Trade Before Earnings
Shares of Advanced Micro Devices slipped Tuesday, losing 4.2% to $320.66. The stock opened at $311.57 and dropped as low as $309.70 after a report pointing to slower-than-forecast growth at OpenAI, a key new customer for AMD, prompted investors to pare back holdings in AI chip names.
