Spooked Advanced Micro Devices Investors Wipe $1.35B Off Shares; Here’s WhyChip maker Advanced Micro Devices, Inc. (NASDAQ:AMD) this afternoon reported Q3 revenue and profit that topped analysts’ expectations. However, for the current quarter, the company said it expects revenue to decrease approximately 15 percent sequentially, driving its shares down 10% and shaving $1.35 billion off market cap in late trading.

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