Why Advanced Micro Devices Stock Was Falling This Week
Shares of Advanced Micro Devices (NASDAQ: AMD) were trading down 12.8% week to date as of 11:51 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. Overall, it was a positive week of news for AMD.
The highlight was China giving conditional approval to AMD's $35 billion deal to buy Xilinx (NASDAQ: XLNX) on Thursday. None of this was enough to satisfy a market that really hates growth stocks right now.
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Source Fool.com
