Analyst Bio:
Don’t count out Advanced Micro Devices (NASDAQ:AMD) just yet. After AMD stock plunged on concerns the novel coronavirus could damage global chip demands, and lead to supply disruptions, a good deal of that fear is priced into the stock.
Intel (NASDAQ:INTC) challenges have allowed AMD to capture market share. According to Hans Mosesmann, managing director at Rosenblatt Securities, “(Intel’s) lack of execution and AMD’s flawless execution has yet to play out in terms of the market share AMD is going to gain in the coming years … I wouldn’t be surprised if they captured half the data center market.”
