Multiple chip manufacturers are posting disappointing financial results and cutting down on spending—developments that are negatively affecting the share prices of these firms.
AMD, for example, recently announced its preliminary third-quarter sales, missing projections by more than $1 billion. The third-quarter revenue is expected to be $5.6 billion, below the company’s forecast of $6.7 billion. Samsung, the largest memory chipmaker in the world, has reported a 32 percent fall in operating income. Nvidia, the biggest graphic processing unit manufacturer, announced a 44 percent decline in demand in the last quarter. In July, Intel reported a $2.6 billion loss in revenue.
