AMD Is Not Half An Intel
Investment thesis
AMD Inc. (AMD) has rallied by approx. 70% since Intels (INTC) 7nm delay announcement and has now crossed the $100 billion market cap mark. Given the symmetry in the rally compared to the sell-off, the day after said announcement, it seems investors assume Intel’s loss will be AMD’s gain.
For one, however, I would argue much of this gain is based on dreams, as indeed, the 7nm announcement pertains to products launching well over two years from now. Nothing at all is further re…
