Intel (NASDAQ: INTC) is not satisfied with its 75% to 80% share of the PC and server markets. It is about to launch a new, more powerful set of chips, presumably to take more business from AMD (NYSE: AMC) and Nvidia (NASDAQ: NVDA).
Yesterday Intel gave "new details of plans to introduce chips that pack four, six, eight or more electronic brains on a piece of silicon to boost calculating performance," according to The Wall Street Journal.
Intel’s stock is off under 20% during the last six months. Shares of its two rivals are down over 40%. The big company clearly plans to use its superior cash flow to fund R&D and put more hurt on the competition.
Douglas A. McIntyre