2 major players in the chip industry, Intel and Advanced Micro Devices, are getting ready to report earnings this week and next as they battle it out in the semiconductor market
Despite negative earnings expectations in Technology, chip stocks have been performing wellIntel’s 10-nanometer and 7-nanometer chips in focus
Since reporting Q2 earnings, AMD shares have risen around 2%, while INTC advanced 0.5%. Looking ahead, INTC is scheduled to report Q3 earnings results this Thursday, Oct. 24. AMD will be reporting next week on Oct. 29. Overall, semiconductor stocks are near their highs, and one thing to keep in mind is that data centers make up a sizeable chunk of their market. The enterprise segment may be a critical component to the industry’s performance in the coming quarters, as corporate spending drives enterprise revenue.
Following up on its strong foray into the small core CPU space, AMD launched its EPYC “Rome” processor in early August aimed at the enterprise market, further advancing the company’s products into a field long dominated by INTC. Note: Call options represent the right, but not the obligation, to buy the underlying security at a predetermined price over a set period of time. Put options represent the right, but not the obligation to sell the underlying security at a predetermined price over a set period of time.Despite INTC’s 3% year-over-year revenue decline in Q2, the chipmaker beat revenue and earnings expectations.
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