3-13-18 10:53 AM EDT | Email Article

Advanced Micro Devices Inc. (AMD) stock dropped suddenly Tuesday morning after a report that its chips were uniquely susceptible to a certain attack. Israeli researchers reported finding issues with AMD chips that would allow attacks to enter computers' secure processors, giving them access to sensitive information including passwords, according to a report from Cnet (https://www.cnet.com/news/amd-has-a-spectre-meltdown-like-security-flaw-of-its-own/). The exploits detailed by CTS-Labs researchers specifically target AMD's newest products, Ryzen chips for PCs and Epyc chips for servers, according to the report. "We are investigating this report, which we just received, to understand the methodology and merit of the findings," an AMD spokesman told Cnet. Chip makers' stocks were hit in the last few months by new exploits called Meltdown and Spectre (http://www.marketwatch.com/story/meltdown-and-spectre-are-huge-vulnerabilities-for-intel-and-more-what-you-need-to-know-2018-01-03) that exposed vulnerabilities in many CPU chips. Shares were up on the day before the news broke, when they fell to declines of 2% or more. AMD stock is down 20.5% in the past year, while the S&P 500 index has gained 17.3% in that time.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

03-13-18 1053ET

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