According to the recent post by Bloomberg, the weak revenue forecast for Advanced Micro Devices Inc led to the dramatic decline of shares price. Thus, shares slid about 20 percent.
It is considered that the main reason for such a change in share prices was caused by flagging demand for AMD graphics chips.
More interesting is that the shares of NVIDIA Corp. also fell by almost 5 percent despite the fact that there was no negative news for that company, proving the presence of correlation between AMD and NVIDIA shares.
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