AMD Stock Slips in Pre-Market Trading: Erases Some Gains After Strong Previous Close

Shares of semiconductor giant Advanced Micro Devices Inc. (AMD) are showing signs of cooling off in early pre-market trading, potentially setting a different tone for the upcoming session compared to its strong finish previously.

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While AMD enjoyed a positive run in the last official trading day, closing at 2.15 (2.22%), the early indications before the next market open point towards a pullback.

As of 5:21 am GMT-4 on May 5th, AMD stock was quoted at $98.01 USD in the pre-market. This represents a decrease of -0.79 points, or 0.80%, from its previous closing price. This suggests some selling pressure or profit-taking activity before the bell.

The previous trading session saw AMD experience volatility, opening at $98.40, reaching a high of $99.88, and touching a low of $98.30 before its strong close. The company maintains a significant market presence, reflected by its substantial market capitalization (Note: image shows 15.97KCr, potentially a regional display, prior data indicated approx. $159 Billion USD) and a P/E ratio of 98.56.

Investors continue to watch AMD’s performance relative to its 52-week range, which spans from a low of $76.48 to a high of $187.28. Today’s pre-market dip brings the price slightly further from the recent intraday highs reached yesterday.