# The selloff comes as the U.S. continues restricting China's access to advanced AI chips.

*semiconductor · news · 2026-05-15 · Benzinga*

## Key points

- Global chip stocks fell after the Trump-Xi summit, reversing weeks of strong AI-driven gains.
- Beijing is accelerating domestic semiconductor development as the U.S. tightens AI chip restrictions.
- AMD remains technically extended, trading nearly 20% above its 20-day moving average.
- AMD's RSI of 76.87 indicates the stock is short-term overbought and vulnerable to a pullback.
- Recent analyst targets for AMD range widely from $358.00 to $515.00 despite an overall Buy rating.

**Companies:** AMD
**Countries:** United States, China

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52604562/why-is-amd-stock-falling-friday)

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