AMD announces new Ryzen processors, stock falls amid chip-sector weakness [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: MarketWatch
AMD announces new Ryzen processors, stock falls amid chip-sector weakness Shares of Advanced Micro Devices Inc. AMD, -2.12% announced Thursday the launch of its second-generation Ryzen desktop processors. AMD said the new processors, which are optimized for gaming, have the world's first 12-nanometer process technology and offer up to 15% better performance than AMD's first-generation models. Shares are down 2.1% in Thursday trading amid broad weakness in the chip sector. Shares of Nvidia Corp. NVDA, -2.88% are off 1.9% and shares of Intel Corp. INTC, -3.16% are off 2%. The PHLX Semiconductor Index SOX, -3.67% is down 3.2%. AMD shares have fallen 20% over the past 12 months, while the S&P 500 SPX, -0.61% has gained 15% and the PHLX Semiconductor Index has risen 33%.
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AMD
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AMD
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