AMD Dragged Chip Stocks in Morning Trading
Tiger Newspress2022-10-07
AMD dragged chip stocks in morning trading Friday. AMD fell 8%; Nvidia fell 5%: ASML, TSMC, Intel and Lam Research fell 4%.
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.
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