- Intel Corporation (NASDAQ:INTC) stock price rose more than 2% in intraday trading today. That’s why it happened.
Intel Corporation (NASDAQ:INTC) stock price rose more than 2% in intraday trading today. Investors are reacting positively to a Citi report that Intel gained market share for microprocessor shipments in the fourth quarter, particularly in laptops and desktop personal computers.
Citi cited Mercury Research for its report. Mercury Research pointed out that Intel’s rival AMD has seen more server growth.
Citi analyst Christopher Danely expects PC orders to fall and there should be a price war in microprocessors as post-pandemic normalcy returns in full.
Danely also pointed out that Intel’s overall market share increased 0.3% in the quarter to 82.9%. The share of laptop computers also increased by 0.4% to 79.1%, while the share of desktop computers increased by 0.1% to 87.5%. But the company lost 0.6% server share to 89.9% due to a lack of competitive server products.
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