Recent trading sessions have seen billions in losses across the semiconductor sector, as many well-known chipmakers’ stocks, including Advanced Micro Devices (NASDAQ: AMD), have fallen below their 50-day simple moving averages (SMAs) amid a broader bear market caused by sector rotation.Semi Wreck 🩸 $SMHThe percentage of semiconductor stocks above their 50-Day SMAs just hit its lowest level since May 2nd. pic.twitter.com/ELtq9qrskL— TrendSpider (@TrendSpider) July 28, 2024 The latest close saw AMD stock at a ...