Why AMD Stock Plummeted Today

Macro pressures also weighed on AMD stock today Due to new U.S. policies, AMD will require an export license in order to sell its MI308X artificial intelligence (AI) processor into the Chinese market. Because it's unlikely that the export license will be granted, the company is essentially barred from selling the processor to Chinese customers and anticipates taking an $800 million loss on inventory. Adding another potential bearish catalyst, TSMC will reportedly raise the price on its 4nm chips by 30% in r ...