LSCC - What's Going On With AMD Stock? | Benzinga
Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading marginally lower by 0.55% to $170.96 during Tuesday's session and off the session low of $164.30. Shares of semiconductor stocks are trading lower following weak guidance from Lattice Semiconductor (NASDAQ:LSCC).
The overall tech sector is also lower following worse-than-expected US inflation data. Stocks across sectors are also falling after inflation for January 2024 dipped slightly but missed economists' forecasts.
In the latest report, the annual Consumer Price Index (CPI) inflation rate dropped to 3.1% from 3.4%, although it was higher than the anticipated 2.9%. Monthly CPI rose by 0.3%, exceeding the expected 0.2% increase. Core CPI, which excludes food and energy prices, remained unchanged at 3.8%, contrary to the expected decrease to 3.7%…Read More
Why This Matters
As economists were forecasting a greater decline in the inflation rate compared to ...