Advanced Micro Devices (AMD -8.63%) experienced a significant stock decline of 8.4% amid broader market sell-offs, with the S&P 500 and Nasdaq Composite dropping 3.5% and 4.4%, respectively. This drop followed President Trump’s announcement regarding escalating tariffs on China, which clarified that the effective import tax rate is now at 145%, raising concerns over macroeconomic and geopolitical risks, including potential conflicts affecting AMD’s production reliant on Taiwan. Looking ahead, AMD will hold its Advancing AI 2025 conference on June 12, aiming to showcase its AI strategy and developments, particularly in the competitive GPU market against Nvidia.
