Goldman has upgraded Intel (INTC) to "buy" from "neutral" because it would appear that rival AMD (AMD) will have to begin to outsource its chip manufacturing. MarketWatch writes that it will be easier for Intel to "retain a sustainable product advantage," by keeping design and manufacturing under one roof.
AMD almost ruined itself by trying to keep up with Intel on capital spending, operating its own facilities for making chips.
AMD is already trading at it 52-week low. With Intel taking back market share, dark clouds are gathering for AMD. That is not likely to change.
Douglas A. McIntyre
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