Intel’s new quarterly financial report is really unexpected, net profit and revenue are both big losses (especially revenue fell 22% compared with the same period of the previous year), which also led toThe company’s stock price plummeted, and AMD was undoubtedly the happiest.
AMD shares closed up more than 3% on Friday, with a market value of $153 billion, while Intel shares fell nearly 9%, with a market value of $148 billion. The shift is largely symbolic, but it represents an increasingly competitive market for PC and server processors.
In recent years, AMD processors have become more competitive with Intel in terms of performance, even surpassing Intel’s speed and efficiency in some applications.
Intel pointed out that the main reason for the disappointing financial report is the sudden and sharp decline in overall economic activity, and other reasons for the company’s implementation, involving product design and AXG (Accelerated Computing Systems and Graphics Business Group) chip production capacity improvement issues .
Intel noted that pressure from rivals has weighed on the group’s revenue, and it expects next year’s production of next-generation server chips, code-named “Sapphire Rapids,” to rise, a positive for the group. Intel also reiterated its previously announced blueprint that it will launch a new generation of computer processors code-named “Meteor Lake” next year.
Intel CEO Pat Gelsinger compared the company’s comeback strategy to climbing Mount Kilimanjaro.
Next week, AMD will also announce its financial report. What do you think?
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