Tech Companies Fall as AMD Weighs -- Tech Roundup

Features Dow Jones Newswires

Tech company shares fell after weak earnings for one high flier.

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Shares of Advanced Micro Devices, one of the leaders in a surge for chip stocks this year, slid after the chip maker warned of flat margin growth and a sequential decline in quarterly revenue. While the company's latest earnings were boosted by demand for its graphics cards from crypto-currency sources, executives warned they were taking a conservative view of the outlook for growth in that niche.

Shares of AMD rival Nvidia ticked lower.

Another semiconductor company that reported earnings, Texas Instruments, saw shares fall slightly.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

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October 25, 2017 17:33 ET (21:33 GMT)