<div id="readability-page-1"><p>Advanced Micro Devices (AMD) stock rose Friday, extending its rally to a ninth straight session, as investors reacted to weakness at Intel (INTC) and signs that the rival chipmaker may struggle for longer than expected. Shares were up nearly 3% late in the session, putting AMD on track for its longest winning streak in many years.</p><h3>Claim 50% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>Intel shares fell after its CEO, Lip-Bu Tan, said the company's turnaround will take several years. The comment came during Intel's Q4 earnings update and signaled that a quick recovery is unlikely. That message pressured Intel stock but lifted sentiment around AMD.</p> <p>Intel also said supply limits are stopping it from meeting strong demand for its chips. With Intel facing both supply issues and a long turnaround, investors see AMD as having more time to push into Intel's core markets.</p> <h2><strong>Wall Street Sees More CPU Share Gains for AMD</strong></h2> <p>JPMorgan analyst Harlan Sur said Intel still faces the risk of losing more CPU share, especially in servers, as it struggles to meet demand. He said demand for server CPUs is rising, driven in part by AI-related workloads, but Intel is unable to fully serve that demand because of limits in its wafer supply. That shortfall, he noted, creates an opening for AMD to keep winning share.</p> <p>Sur pointed to AMD's strong server CPU lineup and steady product rollout, which he said continues to resonate with customers while Intel works through supply and capacity issues.</p> <h2><strong>Is AMD Stock a Buy, Sell, or Hold?</strong></h2> <p>Turning to Wall Street, the analysts' consensus rating for AMD is Strong Buy, based on 24 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $284.93, representing a potential 8.61% upside for the shares.</p></div>

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

<p><span style="background-color:rgb(255,255,255);color:rgba(0,0,0,0.9);">On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter.</span></p><p> </p><p style="margin-left:0px;"><span style="background-color:rgb(255,255,255);color:rgba(0,0,0,0.9);">However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion.</span> More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth<span style="background-color:rgb(255,255,255);color:rgba(0,0,0,0.9);">, with third-quarter revenue declining 10% year-on-year to $3.8 billion.</span></p><p style="margin-left:0px;"> </p><p style="margin-left:0px;"><span style="background-color:rgb(255,255,255);color:rgba(0,0,0,0.9);">Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?</span></p>

In the AI era, can Intel win a comeback?

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<p>AMD stock rose nearly 3% on Friday, marking its ninth consecutive session of gains, driven by Intel's struggles. Intel's CEO indicated a lengthy turnaround, leading to a decline in its shares and boosting sentiment for AMD. Analysts suggest AMD may gain more CPU market share, particularly in servers, due to Intel's supply issues. The consensus rating for AMD is Strong Buy, with an average price target of $284.93, indicating an 8.61% potential upside.</p>

- Advanced Micro Devices (AMD) stock rose nearly 3%, marking its longest winning streak in years, as investors reacted to Intel's challenges.  
- Intel's CEO indicated that the company's turnaround will take several years, leading to a decline in Intel shares and an increase in sentiment for AMD.  
- Analysts predict that AMD will gain CPU market share, particularly in servers, due to Intel's supply constraints and rising demand driven by AI-related workloads.

Why Is AMD Stock Up Today? Intel's Warning Raises Questions