AMD Stock Breaks Through $80 Mark, Bulls Eye $85 & $90+
Advanced Micro Devices (AMD) stock is surging higher on Wednesday, up more than 12%. Long investors can breathe a sigh of relief following the earnings release, not just because of Intel’s (INTC) disappointing update, but also because AMD shares were only modestly higher in after-hours trading last night. Advanced Micro Devices posted a slight top-…
Intel Stuck in a Quagmire, With no End in Sight
Intel Corp. (INTC) concluded 2022 with its worst financial performance since the dot-com crisis more than two decades ago, owing to a double whammy of a decline in both PCs and data centers, and is not expected to reverse anytime soon. Intel’s yearly earnings fell more than 60% in 2022, and revenue fell more than…