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AMD Drops 3.69% After Six-Day Rally, AI Product Price Hike
Generated by AI AgentAinvest Pre-Market Radar
Friday, Aug 1, 2025 4:58 am ET1min read
Aime SummaryAdvanced Micro Devices (AMD) experienced a 3.69% drop in pre-market trading on August 1, 2025, marking a significant reversal after a six-day winning streak.
AMD's recent performance has been notable, with the stock gaining over 13% in the preceding six sessions. This upward trend has contributed to a nearly 49% increase in the stock's value so far this year. However, the recent price hike of 70% for its Instinct MI350 AI product has led to a minor pullback, with shares dipping 1.73% after the six-day gain streak.
The semiconductor company's stock closed at $179.51 on Wednesday, reflecting a 1.17% increase from the previous day. Despite the recent dip, AMD's strong performance this year highlights its resilience and growth potential in the market.
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