Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower by 2.60% to $95.46 Monday morning amid weakness in the Nasdaq as OPEC+ production cuts increase fears of economic uncertainty. Additionally, China’s probe of Micron may be weighing on U.S. chip companies.
What Happened With Micron?
Our Benzinga team last week reported China launched a cybersecurity review of Micron’s export products to ensure the security of its information infrastructure supply chain, prevent network security risks and maintain national security.
China’s move will further escalate its tensions with the U.S. after it issued an embargo on the Asian counterpart over its access to cutting-edge semiconductor technology. The U.S. has also been canvassing its global allies to join its efforts…Read More
According to data from Benzinga Pro, AMD has a 52-week high of $110.94 and a 52-week low of $54.57.
