AMD shares are trading lower on reports of MI300 delays.
Portfolio Pulse from Benzinga Newsdesk
Shares of Advanced Micro Devices (AMD) are trading lower following reports of delays in the release of its MI300 product.
July 11, 2023 | 4:16 pm
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NEGATIVE IMPACT
AMD's stock price is expected to be negatively impacted in the short term due to reports of MI300 delays.
The delay in the release of a product can lead to a decrease in expected revenues, which can negatively impact the stock price. As AMD is directly mentioned in the article and the news is about a delay in one of its products, the relevance, importance, and confidence are high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100