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AMD Shares Drop as Markets Rally

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 0:53
  • Date

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New York Stock Exchange and what about your first call AMD's shares -- pretty big loser today.

That's an Advanced Micro Devices came out with their numbers yesterday after the bell when you talk about chips for computers and -- -- AMD -- -- in Didier thinking and -- And that's one of their big problems here and that's license stock down almost eight half percent today.

It's basically that they are losing market shares some of their big competitors like infinity and Intel.

And so their outlook now they're cutting their full year numbers and this is not good news their projections.

-- are not good at all -- 11% sequential sales dropped.

That's why the way off of its earlier views and so now I have the -- jumping on board and saying this is not a good sign that they're really seeing their market share.

-- and so while Credit Suisse for example has a six dollar target now.

From eight and a neutral rating.

Stocks little heartbreaker for longer --

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