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Chipmaker AMD posts second-quarter loss, stock dives

18
Jul
2014

By Noel Randewich SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc posted a net loss for the second quarter and gave a revenue forecast for the current quarter that missed expectations, sending its shares sharply lower. A strong quarterly report this week from Intel Corp underscored expectations on Wall Street that the worst is over for a personal computer industry hammered by the mobile revolution.

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