(CNBC) Chip stocks dipped Wednesday, after AMD’s disappointing revenue forecast raised concern that fragility in the PC market and slower spending from businesses may be poised to continue. AMD shares dropped 7. Marvell fell almost 6%, Nvidia slid close to 5% and Intel and Texas Instruments each declined more than 3%, falling more than the broader tech market.
AMD forecast, U.S. credit downgrade drags down chip stocks
This entry was posted in Syndicated. Bookmark the permalink.
