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S&P: Advanced Micro view to negative
Standard & Poor's said it revised its outlook on Advanced Micro Devices Inc. to negative from stable.
At the same time, the agency affirmed Advanced Micro's B corporate credit and senior unsecured debt ratings.
"The outlook revision reflects our view that the company's earnings and cash flow over the next year could be constrained by a weak PC market and execution risks in new gaming markets," S&P credit analyst John Moore said in a news release.
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