Shares of AMD and Intel are trading lower after China announced new guidelines to phase out microprocessors from the companies in government PCs and servers.
Portfolio Pulse from Benzinga Newsdesk
Shares of AMD and Intel are trading lower following China's announcement of new guidelines to phase out their microprocessors in government PCs and servers. This move is likely to impact the companies' market share and revenues in one of the largest markets.
March 25, 2024 | 10:58 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AMD's shares are trading lower after China's decision to exclude its microprocessors from government PCs and servers, potentially affecting its revenue and market presence in China.
China's decision directly targets AMD's products, likely leading to a decrease in sales and market share within the country. This news negatively impacts investor sentiment, causing a short-term drop in AMD's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Intel's stock is down following China's announcement to phase out its microprocessors from government PCs and servers, which could significantly impact its sales and market position in China.
The exclusion of Intel's microprocessors from Chinese government PCs and servers directly affects the company's revenue and market share in a key market. This regulatory move has led to a negative short-term impact on Intel's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90