Big slump in PC market slump deepens, hurts AMD revenue


FILE PHOTO: A sign of AMD is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song

(Reuters) -A worse than expected global PC market continues to pummel chipmakers with Advanced Micro Devices on Tuesday forecasting fourth-quarter and full-year revenue below Wall Street estimates.

Shares of the company fell 3% in trading after the bell, but quickly recovered, rising 2.2%.

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