Advanced Micro Devices warned Thursday its fourth-quarter revenue will come in significantly lower than previously expected, due to weakness across all regions in all its businesses.
AMD shares were climbing back up in the morning, after having dipped to as low as $1.92 just after the markets opened.
The chipmaker said Thursday it expects to post revenue of $1.19 billion in the quarter ending December 27, excluding process technology license revenue. That's 25 percent below its third-quarter performance.
When the company reported its third-quarter revenue of $1.59 billion (excluding the process tech license revenue) in October, … Read more