On August 3, Advanced Micro Devices declined 3.18% in pre-market trading, trading at approximately $462.59/share, with turnover of $146 million.
On the news front, the Philadelphia Semiconductor Index fell broadly in pre-market trading, with Micron Technology and Lam Research leading declines, putting visible pressure across the semiconductor sector. The company is scheduled to report second-quarter earnings on August 4 after market close, with market consensus expecting revenue of approximately $113 billion, representing year-over-year growth of 47%-52%, and earnings per share of $1.61.
Ahead of the earnings release, investors remain divided on the sustainability of AI compute demand. The sector has pulled back approximately 19% from its June highs, and pre-market capital is largely adopting a wait-and-see stance. Within the Semiconductors sector, Micron Technology fell 4.75%, SK hynix fell 4.13%, Intel fell 2.99%, Broadcom fell 1.38%, and NVIDIA fell 1.25%.
(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.)