AMD stock sinks again despite bullish calls: what is spooking investors?

AMD shares were set for a second straight session decline, down ~3.2% to $513 in premarket after a 3.5% drop Wednesday, implying a roughly 6% two-day fall. The move came despite bullish Wall Street research, suggesting near-term risk-off positioning outweighing positive coverage.

Analysis

AMD shares were set for a second straight session decline, down ~3.2% to $513 in premarket after a 3.5% drop Wednesday, implying a roughly 6% two-day fall. The move came despite bullish Wall Street research, suggesting near-term risk-off positioning outweighing positive coverage.