AMD Drops Most Since July After Outlook Misses Estimates
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Advanced Micro Devices Inc. fell the most since July after the chipmaker’s revenue forecast fell short of analysts’ estimates.
Second-quarter revenue will be between $968.2 million to $1.03 billion, the Sunnyvale, California-based company forecast Thursday in a statement after markets closed. Analysts had predicted $1.14 billion, according to 23 estimates compiled by Bloomberg.