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Why Did AMD Stock Fall 25% in the First 20 Days of October?

Paige Tanner
Why Did AMD Stock Fall 25% in the First 20 Days of October?

This year has been slow for semiconductor stocks due to growing trade tensions between the United States and China. The stock market has witnessed three sell-offs in 2018 so far: one on February 8, one on March 23, and one on October 11, Advanced Micro Devices (AMD) and its peers Intel (INTC) and NVIDIA (NVDA) were not much affected by the first two sell-offs, as they enjoyed strong demand momentum in the CPU (central processing unit) and GPU (graphics processing unit) spaces.