Yesterday wasn't the best day for Intel. While the company reported earnings high enough to please any investor, the company also announced delays to its first 10nm desktop processors, as well as delays to its first 7nm CPUs. As a result, Intel stock has taken a bit of a dive, opening things up for AMD to overtake Intel in share price for the first time.
As shown by the NASDAQ market tracker, Intel shares dropped by over ten percent, falling to $53.69 per share. Meanwhile, AMD has been steadily growing thanks to the continued success of the Zen 2 architecture.
Tracked trading figures show that AMD share prices rose by six and a half percent, finishing Friday off at $63.44 per share. With the stock market being as fickle as it is, the situation will likely look different in a week's time but nonetheless, AMD is continuing to gain confidence.
At this point, Intel is expected to ship 10nm desktop CPUs in the second half of 2021, followed by its first 7nm CPUs in 2022. AMD is currently on track to launch its Zen 3 CPU architecture as well as RDNA 2 GPUs, which will appear in both PCs and consoles.
KitGuru Says: Intel will surely bounce back eventually but there is no denying that it is in a bit of a slump right now. Now AMD needs to focus on continuing to build on its current momentum.