On September 15, Advanced Micro Devices rose 3.48% in regular trading, trading at $510.62/share, with turnover of $15.7 billion. The rebound came as the broader semiconductor sector staged a sharp recovery following the prior session's heavy selloff.
On the news front, the Philadelphia Semiconductor Index had plunged over 5% in the previous session, with AMD itself dropping 5.53% amid sector-wide systematic selling pressure compounded by CEO Lisa Su's approximately $50 million share disposal plan. On September 15, chip stocks broadly recovered, with the Philadelphia Semiconductor Index expanding gains to 3%, Intel rising over 3%, and Qualcomm gaining over 3%, reflecting clear oversold repair sentiment.
Adding to bullish momentum, the options market saw notable activity, including an $8.56 million directional dual-call combination targeting January and June 2027 expiries at $620 and $820 strike prices respectively — a distinctly aggressive upside bet. Separately, a $14 million far-month out-of-the-money call combination further underscored dominant bullish positioning among institutional participants.
(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.)