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Why Advanced Micro Devices Stock Was Falling This Week

TheMotleyFool

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Why Advanced Micro Devices Stock Was Falling This Week: https://g.foolcdn.com/editorial/images/699270/lab-technician-inspecting-chip-silicon.jpg

Week to date, shares of Advanced Micro Devices (NASDAQ: AMD) were down 8.9% as of 10:51 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.

There was a mixture of positive and negative news this week that affected trading in AMD stock. Toward the end of the week, the U.S. government issued a new licensing requirement to curtail sales of high-performance chips to China.

After a strong rally in July, a new round of earnings results sent the shares downhill again. Year to date, the stock is down 42%.

Source Fool.com

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