Chip Stocks Fall as Intel Drops 30%, AMD 12% on Market Concerns
Chip stocks fell sharply on October 30, led by Intel's 30% plunge and AMD's 12% drop, amid growth worries on Wall Street. China's ChangXin Memory Technologies reported a sevenfold profit jump, boosting revenue to $16.7 billion in Q3. Despite strong demand and tight supplies, disappointing earnings from Amazon and Intel added to the selloff. Other losses included Qualcomm, SanDisk, Broadcom, Nvidia, and Micron.
Mint Markets·




