AMD and Intel Say PC Demand Is ‘Getting Worse.’ That’s Bad News for Chip Stocks.
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So much for the vaunted second-half comeback. The two major computer-chip companies are now acknowledging PC demand is fading beyond their already downbeat outlooks.
On Monday, Bernstein analyst Stacy Rasgon published a report after meeting with senior executives at Intel (ticker: INTC ) and Advanced Micro Devices ( AMD ) last week. The main takeaway is the PC market is “getting worse.”
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