The Dow Jones Industrial Average dived 300 points Friday on the September jobs report. AMD lost 7% after a third-quarter revenue warning. Read More...
Reuters
AMD revenue warning signals deep chip slump; shares dive 4%
(Reuters) -Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected. AMD shares dropped 4% in after hours trading, dragging down shares of Nvidia Corp and Intel Corp by over 2%. “The PC market weakened significantly in the quarter,” Chief Executive Officer Lisa Su said in a statement, adding that macroeconomic conditions drove PC demand lower than expected.
