The stock market fell sharply anew on Wednesday, with all major indices ending in the red, as investor sentiment was dampened by Federal Chairman Jerome Powell’s bearish comments on the US economy, saying that the US’ tariff policies could drive up inflation and “move us further away from our goals.”

The tech-heavy Nasdaq dropped the hardest, down 3.07 percent. The S&P 500 declined by 2.24 percent, and the Dow Jones was down by 1.73 percent.

To come up with the list of the stocks that declined on Wednesday, we only considered the stocks with $2 billion market capitalization and $5 million trading volume.

A close up of a complex looking PCB board with several intergrated semiconductor parts.

Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) fell by 7.35 percent on Wednesday to close at $88.29 apiece as investor sentiment was dampened by news that it expects up to $800 million in incurred charges from exporting its MI308 chips to China.

In a regulatory filing, Advanced Micro Devices, Inc. (NASDAQ:AMD) said that it expects to apply for licenses to export, “but there is no assurance that licenses will be granted.”

The new US license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase commitments, and related reserves.

Advanced Micro Devices, Inc. (NASDAQ:AMD) claims that its MI300 series is “uniquely well-suited to power even the most demanding AI and HPC workloads.” It was said to have generated $25.8 billion in revenues in 2024, but Advanced Micro Devices, Inc. (NASDAQ:AMD) warned that the tariffs could slow growth.

Overall AMD ranks 7th on our list of the stocks that declined on Wednesday. While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

 

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

 

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