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Why are Intel and AMD stocks plunging on Thursday?

Source: invezz.com

Technology & InnovationMarket Technicals & FlowsEnergy Markets & PricesInterest Rates & YieldsInflation
Why are Intel and AMD stocks plunging on Thursday?

Intel shares fell about 6% and AMD declined more than 4% on Thursday as a broader US equity selloff intensified. Surging oil prices and Treasury yields fueled concerns about inflation and interest rates.

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mildly negative

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