Advanced Micro Devices Inc. (AMD) is currently experiencing a seven-day streak of losses. The stock’s long run of negative performance has seen its value drop by 14.5% over the past seven sessions. The last time AMD experienced a similar losing streak was on September 6th, 2021. At that time, shares dropped over seven straight trading days according to Dow Jones data. The current market downturn also marks the worst seven-day stretch that AMD has experienced since the period ending on October 17th, 2022, when its value fell by 14.6%.
Despite AMD’s recent downturn, the stock has still seen consistent growth over the year. Its value remains up by around 68% year-to-date, while the PHLX Semiconductor Index SOX has risen by 40% overall. Additionally, the S&P 500 index is up by 13%, and the technology-weighted Nasdaq Composite COMP has risen by 28%. Among the components on the SOX index, AMD has performed exceptionally well with the second-highest growth rate this year, with only Nvidia Corp. (NVDA) surpassing it with an impressive 180% gain. Entegris Inc. (ENTG) takes the third place spot with a gain of 61%.
Shares for Broadcom Inc. (AVGO) remain relatively stable, and are currently trading 0.7% higher with about an hour left in the regular session. The end of last week saw both AMD and Broadcom shares logging six-session losing streaks.
