Investing
To Overshadow AMD Chip Launch, Intel Raises Q3 Revenue Forecast
Published:
It was to be AMD’s (AMD) day in the sun. The company is launching it savior, the Barcelona quad-core chip, designed to take back business from Intel in the high-end server market.
But, Intel does not want the light to shine on AMD. This morning it announced that it was raising Q3 guidance from a range of $9 billion to $9.6 billion to a new range of $9.4 billion to $9.8 billion. Some of that probably came out of AMD’s hide.
INTC gross margin percentage for the third quarter is expected to be in the upper half of the previous range of 52 percent plus or minus a couple of points.
Intel’s shares moved up almost 2% on the news. On its big day, AMD is up almost 3%.
Douglas A. McIntyre
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