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TOP Ships Inc. (NASDAQ:TOPS)...

TOP Ships Inc. (NASDAQ:TOPS) inches down in pre trading session on Tuesday as...

Cloudflare (NYSE: NET) Guidance...

Cloudflare (NYSE: NET) inches up in pre trading session on Monday as the...

Lyft Inc. (NASDAQ:LYFT) Fell...

Shares of Lyft Inc. (NASDAQ:LYFT) plunges around 35% in early trading session on...

Affirm Holdings Inc. (NASDAQ:...

Buy-now-pay-later lending firm, Affirm Holdings Inc. (NASDAQ: AFRM) plunges around 20% in pre...
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Microprocessor Giants Ties Up for Recovery: Intel Corp (NASDAQ: INTC), Advanced Micro Devices, Inc. (NASDAQ: AMD)

Microprocessor giant, Intel Corp (NASDAQ: INTC) dropped over 2.06% in pre trading session on Monday as the company has made serious mistakes at a time when smaller rival Advanced Micro Devices, Inc. (AMD) and others are gaining ground. Analysts are less confident than it is that it will achieve balance this year.

The business stunned the market on Thursday with a revenue guidance that fell around $3 billion short of Wall Street predictions. The dismal state of the world economy just makes Intel’s problems more challenging. Intel claims to have successfully navigated the worst of a redesign under a new chief executive. Intel is still the industry leader in microprocessors, also known as central processing units (CPUs), the brains of computers.

“We did stumble, yes? We lost market share and momentum. This year, we anticipate stabilization, “Pat Gelsinger, the chief executive, said on a conference call with investors late on Thursday.

Shane Rau, an analyst for IDC, was not persuaded.

I don’t believe Intel is ready to start regaining share yet, he said. IDC, a tech research company, estimated that Intel still holds a market share of over 70% for PC and server processor chips. However, that is a decrease from over 90% in 2017.

“A person’s increase from 1% to 13% is noteworthy. It informs you that there is a second, viable competitor in the server CPU market who is getting traction “Rau remarked.

Advanced Micro Devices Come Back under Lisa Su

Advanced Micro Devices, Inc. (NASDAQ: AMD) plummeted over 2% in pre trading session on Monday as AMD a rival of Intel that has been stealing business from it every quarter since Lisa Su became CEO, has resurrected the company from the verge of bankruptcy.

Investors are currently waiting for the following piece of information: AMD will release its results on Tuesday. The market prices of Intel and AMD used to be vastly different, but they are currently both valued between $120 billion and $125 billion.

Since 2010, revenues have not been at this level, and gross margins have not been at this level since 1986, when we were in elementary school, according to Bernstein Research analysts.

When releasing their newest CPUs, Intel and AMD would both have macroeconomic headwinds and difficulties, according to Rau, but Intel would also need to address the larger problem of a chip glut.

If new chip designs are delivered late, processor customers cannot launch products. Intel has struggled to deliver Sapphire Rapids; it’s most recent data-center CPU.

“It took Sapphire Rapids nearly two years to arrive. In light of this, AMD has overtaken them “according to TECHnalysis Research’s Bob O’Donnell.

Even worse for Intel, according to Bernstein analyst Stacy Rasgon, the benchmarks released by the two firms demonstrate that AMD’s newest server CPU surpasses Sapphire Rapids on “general purpose workloads.”

Glenn O’Donnell, analyst at Forrester Research, said, “Intel’s comeback is taking some time, made more difficult by the economy, but I believe their approach is succeeding.” With agreements from other chipmakers to use Intel’s manufacturing capacity, “it is delivering on new products and ramping up its manufacturing.”

TOP Ships Inc. (NASDAQ:TOPS) Releases Pricing of $13.6M Registered Direct Offering

TOP Ships Inc. (NASDAQ:TOPS) inches down in pre trading session on Tuesday as the firm releases that it has entered into a securities purchase...

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TOP Ships Inc. (NASDAQ:TOPS) Releases Pricing of $13.6M Registered Direct Offering

TOP Ships Inc. (NASDAQ:TOPS) inches down in pre trading session on Tuesday as the firm releases that it has entered into a securities purchase agreement with several institutional investors to purchase approximately $13.6 million of its units in a...

Cloudflare (NYSE: NET) Guidance Exceeded to Wall Street Expectations

Cloudflare (NYSE: NET) inches up in pre trading session on Monday as the stock was mostly flat after initially rising on Friday in response to the internet infrastructure company's guidance that exceeded Wall Street expectations. Cloudflare anticipates earnings of...

Affirm Holdings Inc. (NASDAQ: AFRM) To Lay off 19% Workforce

Buy-now-pay-later lending firm, Affirm Holdings Inc. (NASDAQ: AFRM) plunges around 20% in pre session on Thursday as the company announces a restructuring plan that will result in the layoff of approximately 500 employees, or approximately 19% of its workforce,...

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