Analysts predict continued growth for AMD
Despite being well behind Intel in both the quad-core and process technology races, AMD will continue to ride its present momentum into next year, analysts quoted by InformationWeek predict. Citigroup analyst Glen Yeung says AMD's market share will keep growing next year, thanks in part to the chipmaker's newfound partnership with Dell. In the shorter term, Reuters Estimates expects AMD to announce a 50% rise in third quarter profits over last year; Intel's third quarter profits are expected to have declined by 55% when compared to last year's figure. However, both Intel and AMD stock is valued at roughly the same percentage of the companies' expected 2007 profit, and Merill Lynch analyst Joe Osha says Intel is "positioned to have a much better 2007 than many investors realize."