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SAN FRANCISCO Advanced Micro Devices on Thursday cut its third-quarter revenue forecast, saying it now projects a 10% sequential decline in sales. Previously, the chipmaker expected sales to fall by 1%, plus or minus 3%, from the previous quarter. The company blamed the lowered forecast to "weaker-than-expected demand across all product lines caused by the challenging macroeconomic environment." Shares of AMD fell more than 6% in after-hours trading.

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