Advanced Micro Devices (AMD) has chopped around the $50s for a few weeks heading into Q1 earnings as work-from-home and virtual telemedicine demand has boosted the need for computers and data centers. At the same time, the shutdown of the global economy is expected to ultimately damper electronics demand in the near term while the chip company is positioned to slowly take market share from Intel (INTC).In not much of a surprise, AMD widened the annual revenue guidance range for the year due to economic uncertainty around consumer demand due to the coronavirus outbreak. The high demand in data centers …read more
Source:: Yahoo Finance
