AMD Stock Marks Longest Winning Streak in Years as Intel Struggles
AMD shares climbed for a ninth consecutive session, their longest winning streak in several years, rising nearly 3% on Friday. The rally comes as Intel faces significant headwinds, including a multi-year turnaround timeline and supply constraints that limit its ability to meet surging chip demand.
Intel CEO Pat Gelsinger's admission of a prolonged recovery period during the company's earnings call weighed heavily on its stock, while bolstering sentiment around AMD. JPMorgan analysts highlight AMD's opportunity to capture more server CPU market share from Intel, particularly as AI workloads drive demand.
AMD's partnership with Taiwan Semiconductor Manufacturing provides a crucial advantage, with TSMC recently boosting capital expenditures to expand production capacity. This stands in stark contrast to Intel's supply chain limitations, which have created openings for AMD to capitalize on strong processor demand.
