AMD up, Intel down after updates
C|Net | at | by Mike
Advanced Micro Devices stock jumped a day after the chipmaker increased its quarterly revenue expectations, but shares of Intel dropped slightly after the company's widely expected positive comments at its midquarter business update. Shares of AMD sprung as much as $2.40, or 15 percent, on Friday, to $18.65 on the New York Stock Exchange, ending the day up $1.65, or 10 percent, at $17.90. Meanwhile on the Nasdaq, Intel stock dropped as much as $1.41, or 4 percent, to $32.75, closing down 92 cents, or 2.69 percent, to $33.24.