AMD Stock Sees Steep Drop Ahead of Xilinx Acquisition – Barrons

Advanced Micro Devices stock has come under severe selling pressure just ahead of the completion of its long-pending acquisition of chip maker Xilinx, expected Monday.

Advanced Micro (ticker: AMD) shares tumbled 10% on Friday to $113.18, extending the stock’s two-day decline to more than 15%.

While the decline partly reflects the broad market…

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