Opinion: Intel appears to be feeling the competitive heat from AMD

Intel Corp.’s data-center sales keep declining as Advanced Micro Devices Corp.’s sales keep growing, and it seems Intel is finally doing something about it.

Intel INTC, -0.48% appears to be addressing the issue by showing a willingness to chop prices while fighting with AMD for customers and reorganizing its data-center operations. Investors will have to find cheer in that, because a so-so third-quarter forecast, despite an unprecedented and continuing semiconductor shortage, sent shares down 2.6% in after-hours trading Thursday.

“Some of that’s competitive-driven, a little bit of that is mix-driven, but a bit more competitive,” Gelsinger said. “Our outlook there is that we see fairly stable pricing and market segment share in the data-center business for the second half of the year and that’s driven by — I’ll just say we are bringing everything we’ve got to the table to continue to win back the market.

tpoletti AMD has awesome products, and Intel is some steps behind. Intel has suppressed the competitors for decades, but now AMD has an antidote.

tpoletti Declining revenue, $ENZC has a cure for that AI CURE COVID HIV INTEL

tpoletti good

tpoletti I bought a computer this year. No intel processors available, only AMD. 🤷🏻‍♂️

tpoletti Seems like you guys are spreading more divisive rhetoric. Fraud. DarkPoolAbuse AMC

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Twitter, Snap, Intel and moreSee which stocks are posting big moves after the bell. 👍🏻👍🏻 Don’t you mean “stonks”? DarkPoolAbuse AMC What will it take for INTC to get out of the $55/share mark? Looks like SNAP is finally out of the woods
Source: CNBC - 🏆 12. / 72 Read more »

Apple, Amazon, Netflix: CNBC’s Halftime Report traders answer your questionsThe contributors answered questions from CNBC Pro subscribers, including how to trade Apple, Amazon and AMD ahead of their earnings.
Source: CNBC - 🏆 12. / 72 Read more »

Luke Prokop Makes History As First Player Under NHL Contract to Come Out as Gay“I hope that in sharing who I am I can help other people see that gay people are welcome in the hockey community' ❤️
Source: TeenVogue - 🏆 481. / 51 Read more »

21 TV Main Characters That People Actually HateEveryone's entitled to their opinion I guess. I swear, if Scott McCall is on this list I'm throwing a tantrum Add Downton Abbey’s Lady Mary Crawley to this list.
Source: BuzzFeed - 🏆 730. / 51 Read more »

Stocks making the biggest moves after hours: Twitter, Snap, Intel and moreSee which stocks are posting big moves after the bell. 👍🏻👍🏻 Don’t you mean “stonks”? DarkPoolAbuse AMC What will it take for INTC to get out of the $55/share mark? Looks like SNAP is finally out of the woods
Source: CNBC - 🏆 12. / 72 Read more »

Kristin Cavallari slams rumors she's in a love triangle with 2 men: 'Just my friends'Kristin Cavallari slams rumors she's in a love triangle with 2 men: ‘Just my friends' Jay Cutler is cooler than she will ever be Remind me, who is she? Doesn't look familiar.
Source: TODAYshow - 🏆 389. / 55 Read more »