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Intel shares slip on fears of AMD data centre chip challenge

Intel shares slip on fears of AMD data centre chip challenge

Intel shares slip on fears of AMD data centre chip challengeThe company’s profit and revenue beat Wall Street targets, but double-digit growth in its data centre chip business fell short of analysts’ expectations and disappointed investors. “Intel stock continues to be under pressure as investors are looking past near term outperformance and struggling with the storyline of potential future share loss to AMD,” Barclays analysts said. AMD shares are up 8 percent at $19.88 in early trade.

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