Move Over Intel, AMD is in Town

    Author Josh LiPosted on Categories Semiconductors, TechTags , , , , , , , , , , , , , , , , , , , , , , ,
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    Technology giant Intel (NASDAQ:$INTC) recently debuted their Core i9 Extreme Edition, a chip with capabilities capable of supercomputing levels of a few decades ago. Only available in October, however, PC performance fans and gaming enthusiasts alike, may see AMD as a better option as they have propelled themselves compared to its peers.

    Just last month, AMD announced their line of chips called Ryzen. With their top-line product being the Threadripper chip, AMD’s products will be available by the end of July.

    Shares of AMD rose 2.1%, while shares of Intel fell 0.7% on Thursday morning.

    What’s Hot On The Street

    Anticipation on Apple:

    With the iphone 8 coming so soon, investor sentiment hasn’t been positive as sales of the new model are put into question. With shares falling 6.9% since its peak, the two recent analyst downgrades have not helped its stock value.

    As Jim Cramer, TheStreet’s Founder noted, “When you have these sellers come in, all you have to do is wait them out — and one of the things I learned as a hedge fund manager is that patience is a true virtue,”

    Plea Against Amazon

    Although it seems that Amazon’s $13.7 billion bid for Whole Foods is all but done, some analysts such as Lindsay Rittenhouse from TheStreet, believe there are more potential bids to be seen. On another note, U.S Rep Ro Khanna gave warning to the U.S Department of justice in order to analyze the legal aspects of Amazon acquiring Whole Foods, and the potential economic damage it could inflict.

    “I am concerned about what this deal means for suppliers and neighborhood grocery stores,” Khanna said in a statement. “The Justice Department and FTC must undertake a review that considers not just the merger’s impact on prices, but also the impact on jobs and wages. We need to reorient antitrust policy to factor in the harm that economic concentration causes for American workers.”

    With Whole Foods shares currently trading ~$0.85 above Amazon’s bid value of $42.00, this proves that consumers are still wary of another potential bid.

    Featured Image: twitter


    Author Josh Li
    About the author: Josh is currently studying for a Bachelors in Business Management Organizational Studies at Western University, Ontario. He was awarded the Western Continuing Admission Scholarship in 2015. He is scheduled to graduate in 2109. Josh has worked as a business analyst, co-founded Master Badminton, a sporting goods website, and has written financial analysis, stock market updates, and informational articles on investing.