AMD Stock Drops After Earnings

Text size AMD shares are down 31% so far this year. Dreamstime Advanced Micro Devices reported better-than- expected earnings results Tuesday afternoon. But the company forecast less revenue than expected for its September quarter, sending the stock lower in after-hours trading. AMD (ticker: AMD) cited deteriorating demand in the overall PC market for its guidance. … Read more

Intel’s Earnings Missed by a Mile. The Stock Is Plunging.

Text size Slowing demand for PCs is bad news for Intel. David Paul Morris/Bloomberg Intel ’s second-quarter earnings fell far short of expectations and the company provided a bleak outlook for the current quarter, hammering the stock. Management of the chip maker blamed a deteriorating macroeconomic environment but said some of its woes were self-inflicted. … Read more