AMD’s share price overtakes Intel’s for the first time ever

Intel has not had a good day. Despite announcing healthy profits for the quarter, it wasn’t its money making capacity that has caught headlines, but rather the delay to it’s 7nm production process. The fact its 10nm desktop chips won’t be released until the second half of next year didn’t help, and then it had to face the real financial impact of these delays on its share price. 

After the rather downbeat earnings call, according to NASDAQ, Intel shares dropped quickly, finishing at $53.39 a share, that’s a significant 11.69 percent drop from the start of the day. Overall Intel is still up on the year, and obviously still making a lot of money, but the market is not too confident about the challenges Intel faces going forward.

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