Advanced Micro Devices Inc. AMD,
The shares posted their best day in 18 months on Friday after its biggest rival, Intel Corp. INTC,
it surprised investors with the news that its competing 7-nanometer chip would be delayed for at least six months due to manufacturing problems. On Friday, AMD shares closed 16.5% to a record $ 69.40, while Intel shares finished 16.2% at $ 50.59. AMD shares closed at a price higher than Intel’s for the first time on Wednesday, at 74 cents, only to drop below Intel’s price on Thursday, but Friday’s close firmly widened that gap in AMD’s favor. On Thursday night, Intel said it may have to contact third-party manufacturers to produce 7nm chips, which AMD already sells, due to “faulty mode,” leading to a possible launch in late 2022 or early. of 2023. In addition, United States-listed shares of Taiwan Semiconductor Manufacturing Co. TSM,
which makes chips for AMD and other chip designers, rose 9.7% to close at $ 73.90. Several chip analysts issued downgrades and price cuts to Intel, while admitting that AMD had more to gain from Intel’s problems.
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