Yahoo Finance

AMD is now worth more than rival Intel

Brian Sozzi · Anchor, Editor-at-Large
Wed, February 23, 2022, 6:17 AM

Score another notable win for chip giant AMD (AMD) against its heated rival Intel. ... AMD's market cap currently stands at $188 billion after shares rose nearly 2% in Tuesday's session. Intel's market cap is $182 billion. That marks the second time in a week AMD's market value has climbed above Intel — the first time it happened was a week ago.

Followers of this battle may not be surprised to see this one happen (and seeing it continue from here) for several reasons. ... First, AMD has been winning the battle on Wall Street for sexier investment thesis. ... AMD last week closed on its $35 billion acquisition for Xilinx.

The transaction — the largest in AMD's 53-year history — gives the company significant expertise in the programmable chip market. Chips of this kind will prove integral as AMD looks to continue taking market share away from Intel in cloud computing workloads and data centers.

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