{"id":85487,"date":"2023-08-03T00:12:53","date_gmt":"2023-08-03T04:12:53","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85487"},"modified":"2023-08-03T00:29:58","modified_gmt":"2023-08-03T04:29:58","slug":"amd-forecast-u-s-credit-downgrade-drags-down-chip-stocks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/amd-forecast-u-s-credit-downgrade-drags-down-chip-stocks.html","title":{"rendered":"AMD forecast, U.S. credit downgrade drags down chip stocks"},"content":{"rendered":"\n<p>(CNBC) Chip stocks dipped Wednesday, after <a href=\"https:\/\/www.cnbc.com\/quotes\/AMD\/\">AMD<\/a>\u2019s disappointing <a rel=\"noreferrer noopener\" href=\"https:\/\/ir.amd.com\/financial-information\" target=\"_blank\">revenue forecast<\/a> raised concern that fragility in the PC market and slower spending from businesses may be poised to continue. AMD shares dropped 7. <a href=\"https:\/\/www.cnbc.com\/quotes\/MRVL\/\">Marvell<\/a> fell almost 6%, <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\">Nvidia<\/a> slid close to 5% and <a href=\"https:\/\/www.cnbc.com\/quotes\/INTC\/\">Intel<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/TXN\/\">Texas Instruments<\/a> each declined more than 3%, falling more than the broader tech market.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/02\/amd-forecast-us-credit-downgrade-drags-down-chip-stocks.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Chip stocks dipped Wednesday, after AMD\u2019s disappointing revenue forecast raised concern that fragility in the PC market and slower spending from businesses may be poised to continue. AMD shares dropped 7. Marvell fell almost 6%, Nvidia slid close to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85487","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85487"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85487\/revisions"}],"predecessor-version":[{"id":85488,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85487\/revisions\/85488"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}