Why Advanced Micro Devices Stock Is Diving Following Micron News

What Happened?

Based on the company's last guidance, Micron said it expects fourth-quarter revenue of $6.8 billion to $7.6 billion. The analyst consensus estimate was $9.05 billion.

Meanwhile, Micron looks to invest $40 billion through the end of the decade to build leading-edge memory manufacturing in multiple phases in the U.S... Read More

What Else?

According to data from Benzinga Pro, AMD has a 52-week high of $164.46 and a 52-week low of $71.60.

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