Merrill Lynch analyst Vivek Arya said on July 27 that Advanced Micro Devices (AMD) is the biggest beneficiary of Intel’s (INTC) 7-nanometer product delay. During its second-quarter earnings release on July 23, the chipmaker announced that the launch of its new processor chips would be postponed by a year.The five-star analyst reiterated his Buy rating on the stock and raised the price target to $77 (11.6% upside potential) from $65, saying that “he has higher confidence in AMD’s medium/longer-term prospects.”Arya pointed out that Intel’s product “delay could accelerate AMD market share gains back toward their historical peaks of 20% for …read more
Source:: Yahoo Finance
