Those who thought chip stocks were holding steady just a couple of days ago must be having a rough time today. AMD futures are quoted at 523.77, down 10.13% for the day and just a step above the 24-hour low of 520.92.
After sliding all the way down from 588.49 and losing a tenth in a single day, holders are now more afraid of not knowing whether the worst is over than of the drop itself. In plain English: U.S. chip stocks are falling across the board, and AMD has taken the hardest hit. Sentiment can spread when markets fall.
I could be wrong, but buying the dip right at the low is like catching a falling knife nine times out of ten. I’ll own it if I’m wrong—the key level is 520.92. If it breaks, it breaks.
AMD fell 10.13% in a day. Do you think tonight’s move in U.S. stocks will spill over into crypto?
$AMD
#美股 #MarketAnalysis
After sliding all the way down from 588.49 and losing a tenth in a single day, holders are now more afraid of not knowing whether the worst is over than of the drop itself. In plain English: U.S. chip stocks are falling across the board, and AMD has taken the hardest hit. Sentiment can spread when markets fall.
I could be wrong, but buying the dip right at the low is like catching a falling knife nine times out of ten. I’ll own it if I’m wrong—the key level is 520.92. If it breaks, it breaks.
AMD fell 10.13% in a day. Do you think tonight’s move in U.S. stocks will spill over into crypto?
$AMD
#美股 #MarketAnalysis