Tech stock under pressure: AMD slumps 15.7%, fresh selling in software stocks drags US markets lower

Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026 that also topped estimates. The decline came as investor expectations remained elevated after the stock had doubled over the past 12 months.Technology stocks more broadly faced pressure even where earnings remained strong. Market participants have increasingly questioned whether valuations in major technology companies had risen too sharply following years of ...