Advanced Micro Devices, Inc. (NASDAQ: AMD) is off to an overwhelmingly strong start to the trading session this morning after an independent report showed that the company is gaining serious ground on Intel Corporation (NASDAQ: INTC) in the CPU space. Of course, this is leading to excitement among investors who are pushing the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:46), AMD is trading at $12.60 per share after a gain of $0.45 per share or 3.70% thus far today.
AMD Is Gaining Ground In INTC
As mentioned above, Advanced Micro Devices is having a strong day in the market today after reports surfaced with regard to the company’s market share in the CPU space. According to PassMark’s quarterly market share report, AMD has gained 10.4% of the CPU market throughout the second quarter of the year 2017. That’s the largest gain in market share that the company has seen during any quarter throughout its history. According to the data, as of Q2, 2017, AMD held 31% of the CPU market, while INTC held 69%. That’s a massive difference considering that AMD only held 20.6% of the CPU market in Q1 and INTC held a whopping 79.3%.
So, what does this all mean? Well, it’s simple. The bottom line here is that while Intel is still the leader of market share in the CPU space, Advanced Micro Devices is quickly gaining ground on the company. With new CPU products bringing considerable demand to the company, it may only be a few years before AMD is the top dog in the CPU space.
Stop wasting your time! Find winning trades in minutes with Trade Ideas!
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in following the company’s market share growth, as their ability to become the leader in the CPU space simply can’t be discounted at this point. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!