Reported 27 days ago
Advanced Micro Devices (AMD) saw an 8% decline in its stock price after failing to meet investor expectations with its revenue forecast, particularly for AI chips, which could result in a market value loss of around $20 billion. Despite significant gains in the past year, AMD's forecast indicates that production is lagging behind the rising demand for its processors, leading analysts to express concerns over future performance and supply issues, as rival chipmakers also experienced drops in stock value.
Source: YAHOO