Why AMD Stock Was Sinking Today
AMD(AMD) The Motley Fool·2025-01-27 22:13Shares of Advanced Micro Devices (AMD -6.37%) slipped Monday, losing 6.9% as of 4 p.m. ET, after being down as much as 8.2% earlier in the day. The surge comes as the S&P 500 and Nasdaq Composite lost 1.7% and 3.3%, respectively.AMD's stock suffered from the same news dragging down much of Silicon Valley today: the release of a new artificial intelligence (AI) model out of China that rivals the best U.S. models.A new Chinese entrant makes a big splashDeepSeek, from a company in China, is relatively new. In ...