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AMD shares plummet almost 18%

AMD shares plummet almost 18%

AMD have had a great couple of months with the release of their new range of DX11 cards, however their share price has dropped 17.9% in the last few weeks.

We reported earlier today that former AMD boss Hector Ruiz has stepped down from AMD spinoff company Globalfoundries and this may be part of the reason for AMD shares plummeting. Hector is under question for possible communication of confidential information to one of the defendants in an insider trading case.

Other leading companies also drop, with Apple shares down 7.6% and Intel down 3.4%. Nvidia were also hit with a 9.0% drop which isn’t being helped by their late introduction of new, competiting technology into the graphics sector.

Allan Campbell: Heaven Media

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Stuart Davidson

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