AMD Stock Jumped on Great Earnings. Should Intel Be Worried?

By Jose Najarro – Apr 28, 2021 at 11:00AM

NASDAQ: INTC

Intel

Market Cap

$145B

Today's Change

(0.16%) $0.06

Current Price

$34.47

Price as of April 23, 2024, 11:14 a.m. ET

AMD's stock price has jumped after an earnings report. Here are three reasons Intel should be worried.

I look at Advanced Micro Devices (AMD 2.48%) earnings in today's video and share three reasons Intel (INTC 0.16%) should be worried.

Intel last week reported a slowdown in revenue from its data center group. AMD just announced that it doubled its data center revenue.
AMD has seen six straight quarters of record mobile processor revenue as the number of customers increases. AMD could be taking market share of notebooks and laptops from Intel.
For FY 2021, AMD guided revenue growth of 50% year over year. At the same time, Intel expects a revenue decline of 1% year over year.

Click the video below for my full thoughts.

*Stock Prices used were the closing prices of April 27, 2021. The video was published on April 27, 2021.

Jose Najarro owns shares of Advanced Micro Devices and NVIDIA. The Motley Fool owns shares of and recommends NVIDIA and Xilinx. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.5 calls on Intel and short January 2023 $57.5 puts on Intel. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.