By Emma Duncan
Publication Date: 2026-06-05 14:32:00
AMD and ARM have otherwise been major outperformers this year
The chip sector is still seeing a slew of downbeat attention following yesterday’s disappointing earnings from Broadcom (AVGO). Two names succumbing to today’s selloff are Advanced Micro Devices Inc (NASDAQ:AMD) and Arm Holdings PLC (NASDAQ:ARM), last seen sporting respective losses of 6% and 9%, to trade at $492.08 and $358.
AMD has fallen back below the $500 threshold, just two days after tapping its June 3 record high of $546.44. Shares remain 128% higher year-to-date, however, with the 20-day moving average moving in as a line of potential support. Elsewhere, ARM has seen a similar surge, hitting a record high of $427.99 on June 2, now up 230% for…
