The head of Intel (INTC) says that its is gaining back market share from AMD. As if the smaller company has much share left to give.
According to Reuters, Intel’s chairman said the company is regaining market share from Advanced Micro Devices with new products. Intel has also fought market share losses to AMD with price cuts to older products.
Investors must have caught wind of the comments. AMD’s shares are down over 3% to $13.30 and that may be as good as it gets.
Douglas A. McIntyre