Key takeaways
- AMD stock is getting hammered in a chip sell-off after Democrats' midterm wins, even though the company just reported a record quarter.
- Advanced Micro Devices (AMD) stock is down 15.1% as of 2:38 a.m. ET on Thursday, Nov. 5, after a midterm victory for Democrats set off a sell-off in chip stocks.
- The S&P 500 (^GSPC -3.59%) and the Nasdaq Composite (^IXIC -4.51%) are down 3.9% and 5.0%, respectively.
AMD stock is falling as a midterm victory for Democrats sets off a sell-off in chip stocks, with investors worried about a clampdown on the AI industry. AMD reported third-quarter sales up 45% to $13.4 billion with Data Center revenue nearly doubling, yet chip stocks are on track for their worst week since the tariff meltdown.
See the latest quote, chart and news for AMD.
