Why Advanced Micro Devices Stock Crumbled on Tuesday
On Tuesday, the No. 1 tech sector, water cooler conversation item was a giant financial company's investment into a major American chip maker.
Unfortunately for shareholders of American Micro Devices (NASDAQ: AMD), their company wasn't the one chosen by the suitor. With many investors surely feeling left out, they assertively traded out of AMD stock, leaving it with a more than 5% loss on the day. The S 500 index also declined, but its fall was far less steep at 0.6%.
The company doing the investing was , and its target was not AMD but the U.S. company's longtime rival Intel.
Source Fool.com
Advanced Micro Devices Inc. Aktie
216,30 €
3,03 %
Klarer Community-Favorit: Advanced Micro Devices Inc. mit vielen Buy- und wenigen Sell-Einschätzungen.
Ein positives, wenn auch nicht starkes, Potenzial für Advanced Micro Devices Inc. mit einem Kursziel von 245 € im Vergleich zu 216.3 €.
