On June 26, Advanced Micro Devices declined 3.26% in pre-market trading, trading at 516.94 USD/share, with turnover of approximately $16.64 million.

On the news front, the semiconductor sector broadly retreated in pre-market trading, giving back gains from the prior session. Micron Technology fell approximately 4%, Intel dropped about 3%, and Marvell Technology declined roughly 3%. AMD had surged over 5% in the previous session after UBS raised its target price from $455 to $670, maintaining a Buy rating — the current pullback reflects short-term profit-taking.

Additionally, the options market recently saw a synthetic short position exceeding $35 million, with institutional funds expressing medium-to-long-term bearish expectations through complex option structures. Single-leg put purchases further reinforced the cautious signal. Combined with cooling AI sector momentum and the market digesting hawkish Federal Reserve signals, the semiconductor sector faces notable near-term pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)