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Fly News Breaks for November 6, 2019
INTC, AMD
Nov 6, 2019 | 06:16 EDT
AMD (AMD) gained market share in data center, desktop, and notebook processors in the September quarter, Nomura Instinet analyst David Wong tells investors in a research note. Further, a rebound in data center processor demand and "firmness" in PC pricing are supporting a return to overall growth for both Intel (INTC) and AMD, the analyst adds. He also notes that AMD's December quarter sales guidance midpoint implies an expectation of 48% year-over-year growth. Wong reiterates Buy ratings on both AMD and Intel.
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