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What’s Going On With AMD Stock? – Advanced Micro Devices (NASDAQ:AMD)

What’s Going On With AMD Stock? – Advanced Micro Devices (NASDAQ:AMD)



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Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower by 4.8% to $96.80 Wednesday afternoon. Shares of semiconductor and chip stocks are trading lower in possible sympathy with Texas Instruments Inc, which reported worse-than-expected third-quarter sales results and issued fourth-quarter revenue guidance below estimates.

What Happened With Texas Instruments?

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Texas Instruments reported earnings of $1.85 per share, surpassing the analyst consensus estimate of $1.81, but still representing a 25.1% decrease compared to the same period last year.

However, quarterly sales amounted to $4.53 billion, falling short of the analyst consensus estimate of $4.57 billion, and marking a 13.53% decline compared to the same period last year…Read More

Why This Matters To AMD Investors

The semiconductor industry relies on complex global supply chains. If a prominent company like Texas Instruments is experiencing lower sales, it could indicate potential issues in the broader supply chain.

This can lead to concerns about semiconductor shortages and disruptions, which might negatively impact other companies in the sector, including AMD.

Lower sales and weaker revenue guidance from Texas Instruments could also be seen as a sign of broader economic challenges or slowdowns.

If investors perceive a weakening economic environment, it can lead to reduced confidence in the prospects of companies in the technology sector, including AMD.

See Also: What’s Going On With Amazon Stock?

According to data from Benzinga Pro, AMD has a 52-week high of $132.83 and a 52-week low of $58.03.


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