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AMD Vs. Intel: Where Do the Stocks Go From Here?

By BenZinga
Financial Services

Intel Corporation (NASDAQ: INTC) has outperformed Advanced Micro Devices, Inc. (NASDAQ: AMD) by nearly 30 percent since Sept. 12 on reports that Intel’s 10nm chip delays might not be as bad as feared, but one Wall Street analyst says AMD is still the stock to buy at this point.

The Analyst

Bank of America analyst Vivek Arya reiterated his Buy rating and $35 price target for AMD and his Neutral rating and $56 price target for Intel.

The Thesis

According to Arya, AMD still has a six- to nine-month advantage over Intel with its 7nm server chips.

“In our view, while INTC can slightly improve launch timing for next-gen 10nm-based PC processors (Cannon Lake), the …

Read the full story at Benzinga.

Photo: Paul Günther, Photodesign/Intel Corporation

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