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>> ADVANCED MICRO DEVICES Latest News

DEC 16, 2013 - TheStreet

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Why AMD (AMD) and Cirrus Logic (CRUS) Are Down Today

NEW YORK (TheStreet) -- AMD and Cirrus Logic fell Monday following an Oppenheimer report that downgraded both semiconductor manufacturers to "underperform" from "perform." Despite strong video game consoles sales, analyst Rick Schufer says "structural challenges are mounting" for AMD. The report claims PC sales for AMD will likely decline as Intel uses its manufacturing and more cost-efficient chips to gain control of the low-end of the PC market. AMD also faces competition from NVIDIA , which remains the dominant player in the PC graphics market. AMD shares were down 3% to $3.58 ... Read More

Tags: Why AMD (AMD) and Cirrus Logic (CRUS) Are Down Today,  Advanced Micro Devices Latest News