AMD Shares Under Pressure as Hopes for Easing Chip Export Restrictions Fade

Shares of Advanced Micro Devices (AMD) are down 2.4% in pre-market trading after hitting a 52-week high.

This decline follows disappointment regarding the Trump summit, with expectations that no agreement will be reached to ease export restrictions on AI chips.

Pressure also mounted after the stock’s rating was downgraded to "Hold"—driven by a 165% year-to-date surge and concerns that future growth expectations are overly optimistic. These factors coincide with a broader pullback in the Nasdaq, the S&P 500, and other chip stocks, reflecting widespread pressure on the semiconductor sector.