Seana Smith checks out several stocks and sectors trending in the after-hours trading session, including the semiconductor industry following President Biden's export restrictions on China.
The near-term weakness in semiconductors will open up long-term investment opportunities for value investors.
Shares of Advanced Micro Devices (NASDAQ: AMD) fell 25.3% in September 2022, according to data from S&P Global Market Intelligence. The semiconductor designer released some new embedded and mobile chips last month, but the new products were not the reason for AMD's diving stock price. Instead, the richly valued shares were weighed down by troublesome ripples in the American economy.