Intel seems to be getting its act together more, and that might mean that the company is clawing back market share at AMD's expense.
For years, Intel Corp.’s pain has been Advanced Micro Devices Inc. gain, as AMD has gained market share in central processing units amid Intel’s missteps.
Now, however, Intel INTC seems to be getting its act together more, and that might mean that the company is clawing back share at AMD’s AMD expense. Plus, the company could face challenges in its data-center business. Rolland said that Intel’s weaker-than-expected third-quarter data-center guidance may suggest slower industry spending on data-center CPUs as customers allocate more dollars toward the graphics processing units sold by Nvidia Corp. NVDA
“You could spin a few negatives from Intel’s call for AMD if you wanted,” Klein wrote Friday. “They gained more share in PC in Q2, and they talked up CPU weakness due to shift in cloud spend to GPU and gen AI.” Analysts surveyed by FactSet, on average, expected second-quarter earnings of 57 cents a share from AMD on revenue of $5.32 billion. The company gave a forecast for $5 billion to $5.6 billion in revenue.
Like Nvidia, AMD has been swept up in the hype of artificial-intelligence technology going mainstream amid the popularity of Microsoft Corp. MSFT -backed OpenAI’s ChatGPT generative AI.
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