AMD passes Intel in market cap - CNBC
7/29/2022 12:00:00 AM3 years 7 months ago
by Kif Leswing
by Kif Leswing
The milestone also suggests that investors may value an asset-light chipmaker over one that's investing heavily in manufacturing.
AMD surpassed rival Intel's market cap on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earni… [+1463 chars]
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