AMD

AMD is sliding in pre-market trading as investors digest a broader cooling of sentiment toward the semiconductor sector. While the company continues to see strong momentum in AI server CPU market share gains, it is currently facing headwinds from a narrative shift regarding the sustainability of the narrow, chip-led rally that has dominated the Nasdaq 100. With no specific company-level negative news released overnight, the move appears to be a reaction to the sector-wide rotation and heightened caution surrounding the AI capital expenditure cycle.