Business

Intel and AMD shares have a big target price drop. Demand for PCs is on the rise.


Declining computer sales prompted a Bernstein analyst to sound the alarm on shares of two key chipmakers.

On Tuesday, semiconductors Analyst Stacy Rasgon has significantly reduced his price target for

Intel

(code:

INTC

) shares and

Advanced Microphone Device

(

AMD

) stock, citing declining PC demand.

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