AMD (AMD -11.9%) crashes to levels last seen in '09 after the Q3 guidance accompanying its Q2...

|By:, SA News Editor

AMD (AMD -11.9%) crashes to levels last seen in '09 after the Q3 guidance accompanying its Q2 report stokes the fears of weak PC demand and share losses that arose following the chipmaker's July 9 warning. Wedbush is downgrading shares to Neutral, arguing AMD is suffering from notebook CPU share losses, weak desktop channel demand, an inventory build-up, and slow uptake for Bulldozer server CPUs, which compete with Intel's Romley. INTC -1.8%. NVDA -3%. (transcript)