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What’s Going On With AMD Shares

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading higher by 1.2% to $107.84 Friday morning. The stock is recovering modestly during Friday's session after semiconductor and chip stocks dropped Thursday amid tech sector weakness, fueled by rate hike concerns post-U.S. jobs data.
byHenry Khederian
September 8, 2023
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Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 1.2% to $107.84 Friday morning. The stock is recovering modestly during Friday’s session after semiconductor and chip stocks dropped Thursday amid tech sector weakness, fueled by rate hike concerns post-U.S. jobs data.

China’s iPhone crackdown and Huawei’s 5G Kirin 9000s chip-powered smartphone have added pressure to several sector stocks.

AMD, like many semiconductor companies, operates within a global supply chain. A ban on iPhones within certain government and state-owned entities in China could be seen as a sign of escalating trade tensions between China and the United States.

Such tensions could lead to disruptions in the supply chain for semiconductor companies like AMD, potentially affecting their production and sales.

What You Need To Know

China’s move against the U.S. to broaden its ban on iPhones in sensitive departments encompassing government-backed agencies and state companies signaled increasing difficulties for Apple Inc in its largest foreign market and global production hub. The ban comes on the heels of Apple’s latest iPhone model launch.

This move comes amid Beijing’s efforts to reduce reliance on American technology, further fueled by the U.S. sanctions on China over semiconductor technology and efforts to reduce supply chain dependence on China…Read More

According to data from Benzinga Pro, AMD has a 52-week high of $132.83 and a 52-week low of $54.57.

 
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EU Cracks Down on Tech Giants: Apple, Alphabet, and Qualcomm in Regulatory Spotlight

By Anusuya Lahiri
January 12, 8:59 AM
EU Antitrust Chief Margrethe Vestager recently engaged in pivotal discussions with executives from leading tech companies Apple, Alphabet, and Qualcomm. These meetings, part of a larger series involving tech giants like Broadcom and Nvidia, were centered around crucial topics in European digital regulation, especially the implications of the Digital Markets Act (DMA) and broader competition policies. In her discussions with Apple's Tim Cook, Vestager addressed the necessity for Apple to allow apps to be distributed beyond its proprietary AppStore, delving into ongoing competition issues including those related to Apple Music. Her meeting with Alphabet and Google's Sundar Pichai focused on the design of choice screens, the company's self-preferencing practices in relation to the DMA, and the Google adtech antitrust case. These interactions underline the EU's commitment to regulating major tech companies, defining their roles and responsibilities as "gatekeepers" under the DMA. This includes making their messaging apps interoperable and giving users more control over app installations. The specifics of Vestager's discussion with Qualcomm's Cristiano Amon were not detailed, but she emphasized the broader economic and security significance of chip technology in the EU. These high-level meetings are critical in shaping the operations of tech companies within the EU, ensuring they align with the region's digital strategy and competition laws.

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