Intel, AMD, and Nvidia shares down after forecast for weak demand

Hanno Labuschagne

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Intel, AMD, and Nvidia shares down after forecast for weak demand

Intel Corp., the largest maker of computer processors, dragged down chip industry stocks after executives said a weaker economy will affect demand and hurt financial performance.

“I think on the macro side, clearly, it’s weaker,” Chief Financial Officer Dave Zinsner said Tuesday at a Bank of America conference.

[Bloomberg]
 
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