108 posts and columns on Advanced Micro Devices
News Bytedisclosed by S&P Dow Jones Indices. The change comes a day after Hewlett-Packard was taken off the list of 30 stocks that comprise the Dow Jones Industrial Average. AMD will be moved to the S&P MidCap 400.
News Bytefallen by more than 13 percent today following word of a downgrade to “sell” by Goldman Sachs analyst James Covello. With sales of PCs slowing to rates not seen since records have been kept, the outlook for AMD, Covello argues, despite winning supply contracts from both Microsoft and Sony in forthcoming gaming systems, doesn’t justify its recent rise to as high as $4.40 a share. AMD was trading at $3.80 a share, down 59 cents with 30 minutes to go in the session.