A few days ago, the U.S. stocks semiconductor chip stocks across the board plunged, including chip stocks in the IT sector fell more than 4%, while chip stocks in AMD is a plunge of nearly 14%.

According to AMD announced preliminary financial results for the third quarter, AMD's third-quarter Umsatz is expected to be about $5.6 billion (about $39.8 billion), an increase of 29% year-on-year. But this performance is much lower than previously expected, AMD previously said Q3 quarter Umsatz is expected to grow about 55% year-on-year.

The reason given by AMD for the decline in performance is that "macroeconomic contraction led to less than expected sales in the traditional PC consumer market, accompanied by a large inventory in the Lieferkette, so the overall market is not very enthusiastic about the installation, resulting in a significant reduction in processor shipments."

The report also noted that the company's processor shipments were significantly lower due to weaker-than-expected PC market and inventory backlogs in the Lieferkette, and that Umsatz from the personal user (Client) segment was lower than expected, falling 53 percent sequentially and 40 percent year-over-year.

Previously, prior to the release of the report, AMD had expected to bring in $6.7 billion in Umsatz, but Umsatz will be $1.1 billion lower than expected, now at $5.6 billion, mainly due to a decline in desktop and notebook computer CPU sales.

It is reported that a report by market research firm Canalys shows that the U.S. economy is facing a looming recession and high inflation, making shipments to the U.S. PC market fall by more than 20% year-on-year in the second quarter of this year.

source：icspec