Intel Is Feeling the Heat From AMD
The latest market share numbers for the central processing unit (CPU) space put together by PassMark gave Intel (NASDAQ: INTC) investors a rude awakening. The chip giant is losing its vice-like grip over the CPU market because of stiff competition from Advanced Micro Devices (NASDAQ: AMD), whose latest CPU lineup seems to have captured consumers' attention.
PassMark's PerformanceTest, which is used to test PC speeds and compare the performance of different PCs, puts AMD's share of the x86 microprocessor market at 23.4% at the beginning of the third quarter of 2017 while Intel has the rest. By comparison, AMD's market share stood at just 17.5% in the prior-year period, so it has gained a significant portion of this market from Intel's clutches.
Image Source: AMD
Source: Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -14.9% for Intel Corp. as the target price of 74 € is below the current price of 86.96 €.
