Advanced Micro Devices cut its revenue forecast for the most recent quarter citing weaker-than-expected demand for the personal computers that use its chips.
The chip maker, which sells central processing units for laptops and desktops alongside a large videogame graphics chip business, on Thursday said it expected about $5.6 billion of sales in the just-ended quarter, about $1.1 billion less than it previously said it was expecting when it issued a subdued outlook in August.
Source: https://www.wsj.com/articles/amd-reports-quarterly-sales-below-guidance-as-pc-market-weakens-11665088494?siteid=yhoof2&yptr=yahoo