AMD needs perfection to justify share price rally: analysts

Advanced Micro Devices Inc shares have been the S&P 500’s rock star gainer this year, but a recent slide signals some investors are hedging their bets that it can make major inroads in the server computer chip market dominated by Intel Corp . On Tuesday, AMD was the top decliner and Intel the top gainer on the S&P 500. The company has a steep hill to climb to live up to the hopes that had pushed its shares up as much as 228 percent last month from las

from Reuters: Business News https://ift.tt/2y7O0nm