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Barclays Says Sell AMD, Cirrus Logic On Lackluster Product Outlook

Barclays downgraded the shares of chip makers AMD (AMD) and Cirrus Logic (CRUS) to Underweight, its equivalent of a sell rating, from Equal Weight. The firm is not very impressed by AMD's products and advises investors to buy stocks of companies that have clearer exposure to Apple's (AAPL) iPhone 8 than Cirrus. AMD: After attending the launch of AMD's new Epyc chips and reading third party reviews, Barclays analyst Blayne Curtis says that he is...