Why Advanced Micro Devices Stock Crumbled on Tuesday

Taking the decision hard The company doing the investing was SoftBank, and its target was not AMD but the U.S. company's longtime rival Intel. A longtime competitor is receiving a fresh investment from abroad. On Tuesday, the No. 1 tech sector, water cooler conversation item was a giant financial company's investment into a major American chip maker. Unfortunately for shareholders of American Micro Devices (AMD -5.49%), their company wasn't the one chosen by the suitor. With many investors surely feeling le ...