advanced micro devices

Advanced Micro Devices Inc.'s first-quarter loss matched Wall Street's lowered expectations, with the slumping chip maker hurt by its inability to unload older products amid economic turbulence that tamped down domestic consumer spending.

It’s a big day for semiconductor stocks, with an upbeat forecast from chip giant Intel boosting stocks in other semiconductor companies and giving the overall market a nice bounce, as well.

Through mid-morning trading, Intel is up $1, to $22 per share. Other chip companies are following suit . . . -- Texas Instruments Inc. up 38 cents to $29.10 -- Qualcomm Inc., up 74 cents to $41.93 -- Advanced Micro Devices Inc. up 16 cents, or 2.8 percent, to $5.94 Although Intel’s net income fell by 12% for the quarter, thanks to costs incurred in the company’s recent restructuring campaign, the...

Alcoa talking with Chinalco on boosting cooperation; Advanced Micro Devices: 1Q revenue falls to $1.5 billion; Analysts predicted sales of $1.63 billion; Cutting 10% of jobs; Analysis by Ashok Kumar of CRT ... via ClipSyndicate