AMD stock slides as new Ryzen AI desktop chips debut at MWC; markets stay skittish
AMD shares fell about 2.5% to $195.14 in New York after the company launched new Ryzen AI desktop processors at Mobile World Congress. The drop came amid a broader tech selloff as investors monitored Middle East tensions and awaited Friday’s U.S. jobs report. Nvidia rose 1.5% while Intel slipped. AMD said new chips with on-device AI will reach desktops in Q2 from HP and Lenovo.