AMD surpasses Intel in market capitalization.

$Advanced Micro Devices(AMD.US)$ $Intel(INTC.US)$
If you’ve been following along with market data for companies like AMD and Intel, you might’ve noticed that AMD recently surpassed Intel in market capitalization. Currently, AMD sits at $168 billion while Intel trails behind at $146 billion according to Google and Yahoo Finance.

The trend in AMD’s upward momentum with Intel lagging behind follows recent earnings reports where AMD’s Q2 2022 earnings were up $6.55 billion in revenue, or 70 percent year-over-year. Meanwhile, Intel’s stock dropped 11 percent following the company’s less than stellar Q2 2022 earnings results in which the company lowered its full-year expectations, with revenue declining 22 percent year-over-year.