Research firm AmTech has downgraded shares of AMD (AMD) over concerns of late introduction of its new Barcelona chips and poor uptake. The report indicated that Q3 and next year will be rougher than Wall St. thought.
The news comes a day after Intel’s (INTC) chairman claimed that his company was taking market share from AMD. The smaller firm’s shares dropped about 3% as the day wore on.
Douglas A. McIntyre