AMD and Broadcom shares on Friday were both looking at six consecutive sessions of losses as Intel shares are on track to turn in their worst week in years.
Advanced Micro Devices Inc. and Broadcom Inc. shares on Friday were both looking at six consecutive sessions of losses, while Intel Corp. shares were on track to turn in their worst week in years.
AMD AMD shares fell 1% Friday for an 8.7% drop on the holiday-shortened week, putting them on track for their worst week since the one ending Sept. 23, when shares finished the week down 9.8%. Earlier in the week — beginning on Tuesday because of the Juneteenth holiday on Monday — Intel earned the dubious distinction of being the worst stock on the Dow Jones Industrial Average DJIA for two days in a row after the chipmaker outlined its strategy for its third-party fab business meant to compete with the likes of Taiwan Semiconductor Manufacturing Co. TSM but has yet to name a major customer.
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