Why Intel and AMD Were Down Big on Friday

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

NASDAQ: AMD

Advanced Micro Devices

Market Cap

$245B

Today's Change

(1.33%) $2.02

Current Price

$153.76

Price as of April 25, 2024, 4:00 p.m. ET

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

Advanced Micro Devices (AMD 1.33%) and Intel (INTC 1.77%) 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.

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.