Microsoft has confirmed that approximately 8.5 million of its devices were affected by the recent CrowdStrike-related outage. The issue caused disruptions in services such as Microsoft Defender for Endpoint and Microsoft 365 Defender. Microsoft is working closely with CrowdStrike to resolve the issue and prevent similar incidents in the future.
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Why AMD Stock Plummeted Today
Advanced Micro Devices (AMD -7.42%) experienced a significant stock price decline of 7.4% amid broader market downturns, hitting a low of 10.5% during the session. The drop was influenced by AMD's announcement of an effective ban on sales of its MI308X processor to China, leading to an anticipated $800 million write-down, alongside rising costs due to TSMC's planned 30% price increase on 4nm chips. Additionally, escalating U.S.-China trade tensions and cautious remarks from Federal Reserve...
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