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AMD Slips 4.8% as Intel's Warning and AI Spending Jitters Overshadow a Raised Price Target
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AMD Stock Tumbles 8% as Intel's Grim PC Warning Rattles Investors Days Before Its Own Earnings Report
AMD shares dropped more than 8% after Intel forecast a sharp contraction in the PC market, while stronger data-centre competition and rising AI investment costs added to investor concerns.
·New York, United States
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AMD Slips 4.8% as Intel's Warning and AI Spending Jitters Overshadow a Raised Price Target
AMD shares fell 4.8% yesterday, caught in a broad semiconductor selloff that had little to do with the chipmaker’s own operations. Reuters attributed the weakness primarily to Intel’s disappointing outlook for the fourth quarter and warnings about soft PC demand, which weighed on chip stocks across the board. AMD was among the names hit by […]
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