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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 203.76-1.1%Nov 21 9:30 AM EST

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From: Mahmoud Mohammed7/12/2016 2:05:30 PM
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"You Can't Handle The Truth" ... Intel Beats PC Doldrums On Apple iPhone 7 As Rival AMD 'Cracks'

"No. 1 chipmaker Intel (INTC) will breeze through the PC doldrums thanks to Apple's (AAPL) iPhone 7, but rival Advanced Micro Devices' (AMD) three quarters of better-than-expected sales will likely "crack," forcing shares to tumble from four-year highs, analysts said Friday.

By the closing bell on the stock market today, Intel shares ended the day up 2.4% to 34, while Advanced Micro Devices stock was up 1.6%, to 5.10. The companies are set to report Q2 earnings on July 20 and July 21, respectively.

Intel stock broke out a flat base at a 32.79 buy point on June 23, so it remains within buy range."


investors.com

Mahmoud
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