AMD price plummets at market open

SHARES OF AMD slumped by $2.63 as the US markets opened, following the results it delivered to Wall Street yesterday evening. Its share price closed at $24.23 last night, but stands at press time at $21.60.

Chip rival Intel (INTC) also saw its price fall but by 30 cents.

ATI (ATYT), soon to be acquired by AMD, also took a drubbing, with its shares declining nearly a dollar on opening. Graphics rival Nvidia (NVDA) saw its price fall by eight cents.

Is there rhyme or reason to the fluctuations in share prices? Sort of, if you suspend an examination of AMD's results and go for the gold. It's all about making a lot of money very fast for the traders. Earlier this year, AMD's price stood at $42.70. µ

	AMD (tick: AMD)		Intel (tick: INTC)
	Q3 2006	Q3 2005	Q3 2006	Q3 2005
Revenues	$1.3 bill	$1.2 bill	$8.7 bill	$9.96 bill
Net Profits	$134 mill	$128 mill	$1.3 bill	$2 bill
Gross margin	51.4%	55.4%	49.1%	59.7%