U.S. stock market early trading: Advanced Micro Devices down about 18%, AMD down about 6%, iQIYI up about 5%

Wallstreetcn
2025.08.06 13:31

The Dow Jones Industrial Average rose 0.2%, the S&P 500 index rose 0.2%, and the Nasdaq rose 0.2%. Advanced Micro Devices fell about 18%, as the company's fourth-quarter net sales fell short of expectations. AMD fell about 6%, with the company reporting record high revenue in Q2 and guidance exceeding expectations, but the export outlook for MI308 to China remains unclear. Apple rose about 2%, with the White House stating that Apple will expand its investment commitment in the U.S. by $100 billion. Shopify rose about 17%, as the company's Q2 performance exceeded expectations. Chinese concept stocks generally rose, with iQIYI up about 5%, as reports indicate that iQIYI is seeking to raise $300 million through a listing in the Hong Kong market

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