On July 29, Advanced Micro Devices fell 3.03% in regular trading, trading at $439.745/share, with turnover of $1.77 billion.

On the news front, the IPO of Chinese DRAM leader CXMT triggered a global memory sector revaluation, with markets concerned about potential shifts in DRAM supply dynamics. SK Hynix broke below its IPO price, dragging the broader semiconductor sector lower. Within the sector, Micron Technology fell 3.25%, NVIDIA declined 2.1%, Taiwan Semiconductor Manufacturing dropped 2.63%, and Intel lost 2.12%.

Additionally, AMD had released a wave of positive catalysts from its Advancing AI conference starting July 24, with multiple investment banks raising price targets — Futurum to $800, UBS to $730, and Cantor Fitzgerald to $700. With the August 4 earnings report approaching, market participants are inclined to lock in prior gains, making the current decline a continuation of sector-wide selling pressure compounded by profit-taking after catalysts were fully priced in.

(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.)