Today’s Research Reports on Stocks to Watch: Intel and Advanced Micro Devices
NEW YORK, NY / ACCESSWIRE / September 5, 2018 / Shares of Intel were in the red while Advanced Micro Devices soared into the green on a price target boost from a Jefferies analyst who forecast that AMD will have a chip with higher transistor density than Intel.
RDI Initiates Coverage on:
Intel Corporation
https://www.rdinvesting.com/report/?ticker=INTC
Advanced Micro Devices, Inc.
https://www.rdinvesting.com/report/?ticker=AMD
Intel Corporation shares were down a modest 0.97% at the close on Tuesday with nearly 14 million shares traded. Shares may have ended in the red but were little changed on a price target hike from a Jefferies analyst this week on its rival AMD. The analyst predicted bigger gains for AMD against Intel. In other news, two former Intel Corp. engineers are opening a 135,000-square-foot manufacturing plant in Gilbert to produce 27 million paper straws a day, aiming squarely at the growing market looking to do away with plastic. The former employees, Troy Swope and Yoke Chung have raised about $50 million in outside funding to ramp up manufacturing of sustainable packaging. Their company's mission is to build technologies that enable customers to stop using plastic, said Chung.
Access RDI’s Intel Corporation Research Report at:
https://www.rdinvesting.com/report/?ticker=INTC
Advanced Micro Devices, Inc. shares were on fire on Tuesday, closing up 11.48% on high volume. The chipmaker hit a brand new high of $28.11 after Jefferies raised its price target on the stock from $22 to $30 with a reiterated "buy" rating. According to analyst Mark Lipacis of the firm, the price target boost was due to AMD's technological advantage over Intel. Lipacis said in a note that he sees the possibility that by the second half of next year, AMD will have a chip with higher transistor density than Intel. This would be the first time this happens in recent history. The analyst stated, "We see this as a foundational shift in competitive dynamics. Meanwhile, our checks also suggest that AMD continues to take share in high-end notebooks." Cowen also raised its price target to $30 from $25 on Monday with an "outperform" rating. Cowen analyst Matthew D. Ramsay stated, "Intel's delayed 10nm roadmap — originally targeted for 2016 launch in client and now pushed to 2H19 — opens opportunities for AMD across the business." Shares of AMD are up nearly 173% YTD.
Access RDI’s Advanced Micro Devices, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=AMD
Our Actionable Research on Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing
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SOURCE: RDInvesting.com
https://www.accesswire.com/511333/Todays-Research-Reports-on-Stocks-to-Watch-Intel-and-Advanced-Micro-Devices
