Economic Uncertainties Batter Trading in These 10 Firms

7. Advanced Micro Devices Inc. (NASDAQ:AMD)

Advanced Micro Devices fell by 7.35 percent on Wednesday to close at $88.29 apiece as investor sentiment was dampened by news that it expects up to $800 million in incurred charges from exporting its MI308 chips to China.

In a regulatory filing, AMD said that it expects to apply for licenses to export, “but there is no assurance that licenses will be granted.”

The new US license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase commitments, and related reserves.

AMD claims that its MI300 series is “uniquely well-suited to power even the most demanding AI and HPC workloads.” It was said to have generated $25.8 billion in revenues in 2024, but AMD warned that the tariffs could slow growth.