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Why Intel and AMD Were Down Big on Friday

A new report shows a substantial slowdown in the PC market.

By Jose Najarro – Jul 2, 2022 at 8:00AM EST

Advanced Micro Devices (AMD 7.44%) and Intel (INTC 6.53%) are two semiconductor companies that provide numerous solutions for the PC market. Today's video focuses on the recent report by Gartner that forecasts the slowdown of PC shipments in 2022, which could be one reason semiconductor stocks are down on Friday. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 1, 2022. The video was published on July 1, 2022.



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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices. The Motley Fool has positions in and recommends Advanced Micro Devices and Intel. The Motley Fool recommends Gartner and recommends the following options: long January 2023 $57.50 calls on Intel and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$203.89
(-7.44%)-$16.38
Intel Stock Quote
Intel
NASDAQ: INTC
$44.09
(-6.56%)-$3.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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