Nomura suggests AMD's (AMD -8.4%) Q2 warning isn't just demand-related, but also reflects a...
Nomura suggests AMD's (AMD -8.4%) Q2 warning isn't just demand-related, but also reflects a weakening desktop CPU position in the wake of Intel's (INTC -1% - previous) Ivy Bridge launch. Goldman also thinks market share issues could be a factor. The fact Intel and Nvidia (NVDA -1.3%) are off just modestly indicates the Street thinks some of AMD's problems are company-specific. Jefferies, however, argues low inventories, lower multiples, and stable gross margins make AMD a buy.
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