Did Intel Just Fire a Shot Across the Bow of AMD and NVIDIA?
Intel Corporation (NASDAQ: INTC) launched its latest generation desktop central processing unit (CPU) in September and made some pretty bold claims about its capabilities. In a press release, Intel stated that the 8th generation core desktop processor was its "best gaming processor ever." The company also said it was "laser-focused on giving the enthusiast community the ultimate desktop experience, from chart-topping performance to a platform that can flex with their needs," according to Anand Srivatsa, general manager of the Desktop Platform Group at Intel. "Our 8th Gen Intel Core desktop processors deliver tremendous improvements across the board and -- for gamers, in particular -- offer an unbeatable experience."
Most diehard gaming enthusiasts insist on a graphics processing unit (GPU) as an essential component of their system, and that market is dominated by NVIDIA Corporation (NASDAQ: NVDA). The company controls just over 70% of the discrete desktop GPU market, while Advanced Micro Devices, Inc. (NASDAQ: AMD) accounts for the rest.
News of Intel's latest processor sent shares of NVIDIA and AMD plummeting. In light of these claims by Intel, do the graphics processing specialists have anything to worry about?
Source: Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 26 Buy predictions and 13 Sell predictions.
As a result the target price of 40 € shows a positive potential of 36.54% compared to the current price of 29.3 € for Intel Corp..
