Shares of Santa Clara, Calif.-based Intel Corp. got a boost in morning trading on Monday after two analysts speculated that a pair of soon-to-be-released processors could give the chip maker a competitive edge over rival Advanced Micro Devices Inc.
First Albany analyst Auguste Richard, who upgraded his rating of the stock to "Neutral" from "Underperform", speculated that AMD has had trouble pushing out chips made using the 65-nanometer process -- a new process that is expected to boost chip production while reducing costs. Intel is seen as more adept at this manufacturing process.
"We think that by year-end Intel's manufacturing muscle will drive a competitive advantage over AMD, as Intel has finally fixed its design deficiencies with the introduction of the Woodcrest and Conroe processors," Richard wrote in a note.
Intel shares rose 16 cents, at $19.76, in morning trading on the Nasdaq. Meanwhile, shares of Advanced Micro Devices were down 75 cents, or 2.1 percent, at $35.70. AMD shares have changed hands between $14.08 and $42.70 over the past year.
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