Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower by 4.13% to $87.33 Friday afternoon. Shares of semiconductor and chip companies at large are trading lower in sympathy with Seagate Technology Holdings PLC (NASDAQ:STX), which reported worse-than-expected fourth-quarter results and issued weak first-quarter guidance. Weakness in Seagate has dimmed earnings sentiment for the broader semi space.
Seagate reported earnings per share of $1.59, missing the consensus estimate of $1.92. Revenue of $2.63 billion also missed analyst expectations of $2.78 billion…Read More
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AMD designs microprocessors for the computer and consumer electronics industries.
According to data from Benzinga Pro, AMD has a 52-week high of $164.46 and a 52-week low of $71.60.
