Diamonds and Dogs
Bad news for Intel is good news for AMD (AMD). The chip maker is up 11% to all time highs as Intel's next generation of chips would be delayed and that it may seek a third-party manufacturer to make them. The delay gives AMD the lead and expectations of a boost in demand down the road.
Investors are fleeing Intel (INTC). The chip stock is down 13% to a six month low following earnings. Earnings were actually good beating by 12 cents as sales rose 19% to $19.73 billion. However, the delay of their next generation chip has shareholders selling as Intel won't be able to catch competitor AMD.
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