How Intel's Earnings Turned AMD's Beat Into A Sell-Off
AMD stock falls nearly 9% premarket despite beat on Q2 top-line revenue. Here is what’s driving the market sell-off.
AMD did really well with its sales, but Intel's earnings news made investors worried about the whole computer-chip business, so they sold AMD stock anyway. When one company's results scare people about the whole industry, even good news from another company doesn't help.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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