On August 19, Advanced Micro Devices declined 3.29% in regular trading, trading at 468.59 USD/share, with turnover of $18.64 billion. The stock extended its selloff as markets digested reports of a Google-AMD partnership on a 10th-generation TPU.
According to semiconductor research firm SemiAnalysis, Google is collaborating with AMD to develop its 10th-gen Tensor Processing Unit, combining Google TPU architecture with AMD CPU cores in a co-packaged design optimized for reinforcement learning and agentic workloads. Wedbush Securities noted that if confirmed, the partnership could trigger seismic shifts in the semiconductor industry. However, markets reacted cautiously due to short-term execution risks.
Adding to downside pressure, the options market saw a $2.4 million in-the-money Put purchase alongside a bear put spread combination, with bearish capital firmly dominating post-session sentiment. Within the Semiconductors sector, performance was mixed: Marvell Technology up 7.66%, SK hynix up 2.14%, while Broadcom fell 4.70%, Micron Technology down 1.25%, and NVIDIA down 0.44%.
(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.)
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