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S&P downgrades AMD due to weak demand

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SUNNYVALE, Calif. (AP) — Standard & Poor's lowered its ratings on Advanced Micro Devices Tuesday, saying that it expects the chip maker's revenue and earnings to decline further. Chip makers like AMD have struggled as people shift to tablets and smart phones, rather than personal computers. That has hurt sales at AMD, which had dominated for years in the PC market. S&P put the company...