AMD strictly moderated (AMD)

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AMD Down As Analyst Backs Market Leaders
Monday March 17, 11:22 am ET
AMD Falls As Analyst Says Investors Should Focus on Market Leaders

NEW YORK (AP) -- Shares in Advanced Micro Devices Inc. are trading lower than the wider chip market as an analyst urged investors to focus on leading companies with long-term advantages.

Jefferies & Co. analyst John Lau made the recommendation on the sector Monday.

AMD has suffered from glitches and delays in the past year and has been struggling to keep up with its larger competitor, Intel Corp.

AMD fell 15 cents, or 2.3 percent, to $6.24 in morning trading Monday, while the chip sector's Philadelphia Semiconductor Index fell just 0.28 percent.

AMD's share price has fallen 52.2 percent in the past 12 months.