AMD shares fall over 10% after new CEO appointment

Posted on Thursday, October 09 2014 @ 21:20 CEST by Thomas De Maesschalck

Yesterday's announcement from AMD that CEO Rory Read is stepping down and will be replaced by Lisa Su is causing a turmoil on the stock market. AMD shares gapped down at the opening bell and at press time they've plunged 10.06 percent to $2.95, the lowest level since early 2013.

Some market watchers believe Su is the ideal candidate to head AMD and explain she's highly capable - not only in management but also in engineering. Others are divided about the CEO replacement because it arrived so sudden and without explanation.

AMD stock decline

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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