AMD: After Hours Gains Gone; Focus Turns To Processor Delay
Well, the new era of good feeling for Advanced Micro Devices (AMD) shares didn’t last very long.
AMD spikes in after hours trading after the company posted better-than-expected revenues and profits for the second quarter, the stock has reversed and is trading meaningfully lower this morning, as attention turns to a noteworthy production delays for a much-anticipated “Fusion” chip code-named Llano that combines a microprocessor with a graphics processor.
While the results initially looked like a carbon-copy of the strong results from Intel (INTC) earlier in the week, AMD once again proves to be a stickier story than many investors would like.
