Tech Companies Fall as AMD Weighs -- Tech Roundup

FeaturesDow Jones Newswires

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

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.

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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

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