AMD Stock Falls as Intel Forecast Clouds Outlook

TLDR AMD stock declined 6.5% in Friday’s premarket trading following Intel’s weak revenue forecast. Intel shares plunged 25% after its fourth-quarter outlook missed Wall Street expectations. Intel projected fourth-quarter revenue of $15 billion to $16 billion, below the $17.1 billion forecast. Intel expects PC chip revenue to drop more than 20% from the previous quarter. [...]

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