AMD Shares Fell Nearly 10% Friday as Chip Demand Concerns Grew
AMD shares dropped nearly 10% in Friday morning trading as investors questioned whether chip-industry demand could hold up after a rival’s disappointing outlook. AMD is scheduled to report earnings Nov. 3.
AMD NASDAQ:AMD is heading into its Nov. 3 earnings report with a new challenge: investors are questioning whether demand across the chip industry can hold up after a disappointing outlook from its biggest PC processor rival.The stock dropped nearly 10% in Friday morning trading.The pressure followe…