OAKLAND, Calif/BANGALORE : Microprocessor giant Intel Corp has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year. The company shocked the market on Thursday with a revenue outlook that was behind Wall Street estimates by about $3
OAKLAND, Calif/BANGALORE : Microprocessor giant Intel Corp has stumbled badly at a time when smaller rival AMD and others are picking up speed. It says it will regain its balance this year.
"We stumbled, right? We lost share; we lost momentum. We think that stabilizes this year," Chief Executive Pat Gelsinger told investors on a conference call. That competitor is Advanced Micro Devices which under the leadership of Chief Executive Lisa Su has come back from the brink of bankruptcy and has been taking business away from Intel quarter after quarter. AMD's market capitalization is about the same as Intel's, a sign of investor confidence in AMD's growth prospects.
"Sapphire Rapids was about two years late. And so because of that, AMD has leapfrogged them," said Bob O'Donnell of TECHnalysis Research.
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