Advanced Micro Devices Inc.
(NASDAQ:AMD) stock fell more than 2% in Wednesday's premarket session as investors continued to reduce exposure to high-beta technology stocks.
The stock closed 6.51% lower in Tuesday's regular session and extended those losses before the opening bell.
Nasdaq futures were down 1.30%, while S&P 500 futures slipped 0.88%, adding pressure across semiconductor stocks.
AMD has delivered a strong 12-month rally, making it more vulnerable to short-term selling when market sentiment weakens.
