OMFG When will people learn? AMD!=INTC

[GreenBeret]

Intel issues an earnings warning (which was expected anyway) and AMD plummets 10%. Sure they are in the same sector, but they are not the same company. At least Intel went down a little more. (11%) Furthermore, I don't see Intel's woes as being entirely indicative of the rest of the industry. Granted, there has been a general slow down, but not one proportional to Intel's.

Is there a reason for this correlation that I'm missing somewhere?

 

[Hanpan]

Yeah Joe blow investor usually ins't the sharpest tool in the shed.

I have wondered about the same thing as well. Guess it takes a long time for certain attitudes to change.

 

[Deeko]

Dumb people still think that Intel owns the world...so, if Intel is doing bad, AMD must be too, right?

 

[Yzzim]

It means that it's time to buy some AMD stock

 

[Demon-Xanth]

Intel makes every computer right? I know microsoft is every program.

 

[Doggiedog]

AMD goes down because Intel is a bellweather for the industry. It shouldn't justify AMD going down but investors lump everyone together unfortunately. It works the same way in every sector though.