Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Advanced Micro Devices
So what: Management now expects revenue to grow 4% to 6% in Q3, down from earlier estimates of 8% to 12%. AMD said that issues with manufacturing chips at 32 nanometers via its main supplier, Globalfoundries, cut into supply and thereby reduced its short-term revenue opportunity.
Now what: Interestingly, AMD isn't the only chip supplier to reduce guidance recently. Texas Instruments
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