Movement Alert|Advanced Micro Devices Falls 3.18% in Pre-Market Trading, Philadelphia Semiconductor Index Weakness Drags Sector Stocks

Market Focus
Aug 03

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10