Why Chip Stocks Were Falling Today
What happened
Shares of leading chip stocks were tumbling today after Advanced Micro Devices (NASDAQ: AMD) confirmed what investors had been fearing: a severe downturn in PC demand. AMD won’t release fiscal third-quarter results until November, but it announced preliminary revenu
Shares of leading chip stocks were tumbling today after Advanced Micro Devices (NASDAQ: AMD) confirmed what investors had been fearing: a severe downturn in PC demand. AMD won’t release fiscal third-quarter results until November, but it announced preliminary revenu