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benzinga.com
172 days

NVDA, AMD, ACHR, RKLB, TSLA: Top 5 Trending Stocks Today - Archer Aviation (NYSE:ACHR), Advanced Micro Devices (NASDAQ:AMD)

1. AMD shares fell 4.99% to close at $99.51. 2. Stock hits a new 52-week low amid pressure from Nvidia's dominance. 3. Nvidia reported record earnings but experienced a sell-off. 4. AMD's 52-week range is $227.30 to $99.50. 5. Market indices closed lower, impacting investor sentiment.

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FAQ

Why Bearish?

AMD's sharp decline reflects competitive pressures from Nvidia, likely affecting sentiment further.

How important is it?

AMD's performance is closely tied to Nvidia's market success in AI chips.

Why Short Term?

Immediate pressures from Nvidia's performance could delay recovery for AMD in the near term.

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