NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Advanced Micro Devices, Inc. (NASDAQ: AMD) resulting from allegations that Advanced Micro Devices may have issued materially misleading business information to the investing public.
On July 6, 2015, Advanced Micro Devices lowered its revenue estimate for the second quarter ended June 27 due to weaker sales of its chips to personal computer makers, specifically in the consumer PC segment. Advanced Micro Devices estimates its revenue will drop 8% from the first quarter, which is 5% lower than previous expectations. On this adverse news, shares of Advanced Micro Devices fell $0.38 per share or over 15% to close at $2.09 per share on July 7, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Advanced Micro Devices investors. If you purchased shares of Advanced Micro Devices on or before July 6, 2015, please visit the firm’s website at http://rosenlegal.com/cases-663.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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