What's Going On With AMD Stock?
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading lower by 4.8% due to possible sympathy with Texas Instruments Inc, which reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates. This could indicate potential issues in the broader supply chain, leading to concerns about semiconductor shortages and disruptions, which might negatively impact AMD. Lower sales and weaker revenue guidance from Texas Instruments could also be seen as a sign of broader economic challenges or slowdowns.

October 25, 2023 | 5:27 pm
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AMD's stock is trading lower due to concerns about potential supply chain issues and broader economic challenges, following Texas Instruments' worse-than-expected Q3 sales and lower Q4 revenue guidance.
AMD's stock is trading lower due to concerns about potential supply chain issues and broader economic challenges. This is a direct result of Texas Instruments' worse-than-expected Q3 sales and lower Q4 revenue guidance, which could indicate potential issues in the broader supply chain and economic slowdowns. As AMD operates in the same sector, it is likely to be negatively impacted by these developments.
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