HomeBusinessAMD has once again surpassed Intel in market capitalization

AMD has once again surpassed Intel in market capitalization

As a result of Intel announcement of its fourth quarter and full year financial results for 2022 on the 27th, the stock price has fallen for several consecutive days, and it’s currently down nearly 10% on the day.

AMD’s stock price has, on the other hand, declined as well, but the range between the lows and highs is very small. Due to this, AMD’s market capitalization has once again dethroned Intel’s in terms of market capitalization.

There have been a number of times in the past few years when AMD’s market capitalization has exceeded the market capitalization of Intel. It should be noted that on July 29, 2022, AMD’s market capitalization was approximately $153.737 billion, while Intel’s market capitalization was approximately $148.461 billion.

READ MORE: The HBLPSL 8 Main Anthem for Peshawar Zalmi will be produced by Naughty Boy.

According to Intel’s current quote of $27.95 per share, with a market value of approximately $115.350 billion, Intel is currently trading at a price of $27.95 per share. At the time of writing, AMD has a market value of around $116.815 billion, which is reflected in its current share price of $72.45 per share.

During the early hours of the 27th Beijing time on April 26th, Intel announced its fourth-quarter and full-year results for 2022. As a result of a sharp decline of 32%, the fourth-quarter results did not meet the market’s expectations. There has been a decline in revenue since the beginning of 2016.

The market performance in the first quarter was pessimistic, which is in line with Intel’s guidance. During the first quarter, the company expects adjusted revenue to range between US$10.5 billion and US$11.5 billion compared with the market’s expectation of US$14 billion. It expects an adjusted gross profit margin of 39% in the first quarter, compared with the market’s expectation of 45.5%.

It is because of this that Intel’s stock price plummeted the following day before the market opened. There was even a time that it dropped to $27.05 per share, with a maximum drop of 10.10% at one point.

NetMag Staff
NetMag Staffhttp://www.netmag.pk
We feel pleasure in introducing ourselves as a publishing company and our monthly magazine, “NetMag” as Pakistan's first IT & Telecom magazine. The past 22 years ...


Please enter your comment!
Please enter your name here

Must Read