Advanced Micro Devices, Inc. AMD shares are trading lower by 4.13% to $87.33 Friday afternoon. Shares of semiconductor and chip companies at large are trading lower in sympathy with Seagate Technology Holdings PLC STX, which reported worse-than-expected fourth-quarter results and issued weak first-quarter guidance. Weakness in Seagate has dimmed earnings sentiment for the broader semi space.
Seagate reported earnings per share of $1.59, missing the consensus estimate of $1.92. Revenue of $2.63 billion also missed analyst expectations of $2.78 billion...Read More
AMD designs microprocessors for the computer and consumer electronics industries.
According to data from Benzinga Pro, AMD has a 52-week high of $164.46 and a 52-week low of $71.60.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.