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AMD revenue warning signals deep chip slump; shares dive 4%
http://velokavkaz.ru/phpBB3/viewtopic.php?f=539&t=80024
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Автор:  velouser3945 [ 07 окт 2022, 13:21 ]
Заголовок сообщения:  AMD revenue warning signals deep chip slump; shares dive 4%

AMD revenue warning signals deep chip slump; shares dive 4%


Изображение


Chipmaker Advanced Micro Devices Inc on Thursday provided third-quarter revenue estimates that were about a billion dollars less than previously forecast, signaling the chip slump could be much worse than expected.

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AMD shares dropped 4 per cent in after hours trading, dragging down shares of Nvidia Corp and Intel Corp by over 2 per cent.

"The PC market weakened significantly in the quarter," Chief Executive Officer Lisa Su said in a statement, adding that macroeconomic conditions drove PC demand lower than expected.

Runaway inflation and the reopening of offices and schools have led people to spend less on PCs than they did during lockdowns when many bought computers for work and school as they stayed home during the pandemic. Chipmakers are also under pressure from COVID curbs in key PC market China, while the Ukraine war has worsened supply-chain snarls and dragged demand further.

The Philadelphia Semiconductor Index, which tracks prices of major silicon-producing and allied businesses, has fallen 36.4 per cent this year so far, compared to a 41.2 per cent rise in 2021.

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