On July 13, Advanced Micro Devices declined 4.03% in regular trading, trading at $528.37/share, with turnover of $1.502 billion. The stock faced multi-factor headwinds as the semiconductor sector sold off broadly while ARK Invest continued to unwind its AMD position.
On the news front, ARK Invest executed large-scale sales of AMD on July 7, 8, and 10, with the July 10 transaction alone totaling 10,774 shares worth approximately $5.6 million. Simultaneously, AMD's options market registered a single-day institutional-level bear call spread valued at $715 million, signaling significant bearish positioning that diverged sharply from the stock's prior rally. Bank of America previously characterized the semiconductor pullback as a seasonal summer reset.
Within the Semiconductor sector, the broader group declined in tandem. Among individual stocks, Micron Technology fell 7.57%, Intel fell 5.48%, Broadcom fell 2.85%, Taiwan Semiconductor Manufacturing fell 1.18%, and NVIDIA fell 1.07%. Notably, multiple analysts recently raised AMD price targets — TD Cowen to $675 and Stifel to $635 — though near-term sentiment remains pressured ahead of AMD's next earnings report on August 4, with consensus EPS expected at $1.34.
(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.)
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