Days ago, $Intel(INTC)$show a sharp drop in data center owners sales and attribute it to a “digesting” phase. But with the earning report by $AMD(AMD)$, it has in fact double from Q1.
Sales from enterprise embedded and semi-custom chips that includes data-center and gaming-console revenue nearly quadrupled to $1.35 billion, compared to 348million a year ago.
This show that more businesses and largest enterprises are moving towards AMD chips. With the global shortage of chips to demand now, the number certain exceed expectations.
I think AMD will likely trends upwards, but In the long run, AMD will continue to face competition with Intel. Chips shortage is still a problem due to the global demand. If we crossthe 100MA of 87$ today, we can very likely see it goes toward the 94$ resistance then testing 100$ again.
PS: Not a financial advice. Don’t bindly follow a greenhorse ?. Please do your own DD.
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