AMD Q1 Earnings: It's All About The Second Half


Following bellwether chip-making giant Intel’s (INTC) earnings beat, accompanied by disappointing downside guidance on Q2 and 2019 revenue, Intel’s rivals Advanced Micro Devices (AMD), Nvidia (NVDA), and Micron Technology (MU) all dropped at the same time. The synchronized price dip is puzzling because AMD has become a serious contender for CPU market share after a series of new product launches. Intel’s losses should have been AMD’s gains (circle in Figure 1).

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