It was only this past January when talk of putting Peloton Interactive (NASDAQ: PTON) up for sale began to gain traction. Amazon (NASDAQ: AMZN) was reportedly interested in making an offer, and Peloton itself was rumored to be selling at least a small stake in the business to inject some cash as sales cratered. Founder John Foley held a supermajority of voting stock in the business, and he was not likely to sell the company he created, even after stepping down from the CEO role. Read More...
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Is AMD Stock a Buy Now?
A quick glance at the iShares Semiconductor ETF, which has lost 40% of its value this year, shows the extent of the damage. Shifting consumer spending patterns are leading to lower demand for chips used in personal computers and electronics, while supply chain disruptions are making it difficult to produce enough of the products that remain in high demand. Advanced Micro Devices (NASDAQ: AMD) hasn’t been spared from the wreckage.
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