On September 10, Advanced Micro Devices fell 3.03% in regular trading, trading at $504.33/share, with turnover of $1.71 billion. The decline came amid a broad selloff across the semiconductor sector driven by surging U.S. Treasury yields and renewed inflation concerns.

The immediate catalyst was hotter-than-expected August PPI data, which reignited rate hike expectations. The 30-year U.S. Treasury yield soared to 5.34%, the highest since 2007, while the 10-year yield climbed 4-8 basis points, breaching multi-year highs. As a high-valuation growth sector, semiconductors are acutely sensitive to rising discount rates. The Philadelphia Semiconductor Index fell over 3%, dragging the entire chip complex lower.

Within the Semiconductors sector, the selloff was broad-based. Among individual stocks, Intel fell 6.04%, SK hynix fell 5.70%, Micron Technology fell 4.06%, NVIDIA fell 2.73%, and Broadcom fell 0.76%. Oil prices simultaneously broke above $100 per barrel, compounding inflation fears and further suppressing risk appetite for growth-oriented assets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)