AMD Stock’s High-Flying Run Will Continue Thanks to Intel
For Advanced Micro Devices (NASDAQ: AMD), the market for central processing units (CPU) was supposed to be a key growth driver in 2019. As we approach the end of the year, it can be confidently said that the company's Ryzen CPUs have helped AMD make its mark once again by clawing away market share from rival Intel (NASDAQ: INTC).
A report from Mercury Research points out that AMD controlled 18% of the desktop CPU market at the end of the third quarter of 2019, up nicely from the prior-year period's share of 13%. In laptop chips, the company's market share increased 3.8 percentage points year over year to 14.7%. And it won't be surprising to see AMD's market share rise further in the final quarter of the year, because Intel's missteps are going to put more customers into AMD's lap. Let's see how.
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Source Fool.com
