AMD Falls 2.5% Premarket Despite Analyst Price Target Hikes as TSM Capex Concerns Trigger Sector Selloff
According to UBS analyst Timothy Arcuri and TheFly, AMD stock fell more than 2.5% in premarket trading on July 16 as Taiwan Semiconductor Manufacturing Corp.'s sharp increase in capital expenditure triggered concerns about unsustainable spending in the AI industry. TSM raised its 2026 capex
GateNews·07-16 08:13
