AMD Shares Hit Three-Year Low After Issuing Q3 Sales Warning

Maximum PC: Chip designer Advanced Micro Devices (AMD) on late Thursday warned investors that its third-quarter revenue will probably dip 10 percent from the previous quarter because of sluggish demand and a consumer preference towards tablet PCs. After hearing the news, AMD's stock took a beating, dropping below $3 per share to the lowest it's been in three years. The stock dipped even further today and is currently trading at around $2.86.

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