Why AMD's soaring stock is a more important tell on the tech industry's health than Facebook's plunge

Why AMD's soaring stock is a more important tell on the tech industry's health than Facebook's plunge

5 years ago
Anonymous $RBasgWKaIV

https://www.cnbc.com/2018/07/26/heres-why-amds-soaring-stock-is-more-important-as-a-tech-bellwether-.html

Wall Street is buzzing over Facebook's lower profit margin guidance, driving an epic plunge in its shares Thursday.

But investors shouldn't be too concerned on whether the social media giant's disappointment will drive the rest of the technology sector lower. AMD's strong sales results are a better barometer for the industry's health than the company-specific issues at Facebook.