How chip giant Intel spurned OpenAI and fell behind the times

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AMD is gaining share at the expense of Intel - report

August 8, 2024 9:20 AM EDT

AMD (NASDAQ: AMD) continues to gain ground in the server market at the expense of its main competitor, Intel (NASDAQ: INTC), according to a recent report from Jefferies.

The firm said that in June, AMD's server CPU instance share increased by 20 basis points (bps) month-over-month, reaching 21.2%.

They added that this marks the fourth... More

Mizuho Downgrades Intel (INTC) to Neutral, 'Widening Technology Gap'

August 7, 2024 4:02 PM EDT

Mizuho analyst Vijay Rakesh downgraded Intel (NASDAQ: INTC) from Outperform to Neutral with a price target of $22.00 (from $36.00).

The analyst comments "We upgraded INTC in Nov'23 on strong AI ramps, and new products driving PC/DC traction. Fast-forward 9 months,... More