AMD Stock Falls 6% as Intel’s Weak PC Outlook Weighs on Chip Sector
Photo: CoinCentral
TLDR AMD stock fell 6.5% in premarket trading Friday after Intel’s weak guidance. Intel dropped 25% after projecting a roughly 20% sequential revenue decline in Q4. Intel said the PC inventory correction could last into the first half of 2027. Amazon’s higher capital spending and slow e-commerce growth added pressure on Nasdaq futures. AMD reports earnings on November 3. AMD (AMD) stock fell 6.5% in premarket trading on Friday. The drop followed a sharp selloff in rival Intel (INTC), which fell 25% after it issued fourth-quarter guidance well below Wall Street expectations.
Source: CoinCentral
