AMD shares continued to fall in premarket trading Friday after the chipmaker issued a weak outlook, blaming declining PC demand and supply chain issues.
The chipmaker cut its sales forecast on Thursday for the third quarter, blaming a larger-than-expected decline in the personal computer market and supply chain issues.
AMD now expects preliminary quarterly revenue of about $5.6 billion thanks to"reduced processor shipments." That's more than $1 billion below the $6.7 billion it had previously forecast as the midpoint of its revenue expectations for the quarter.
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