AMD and Nvidia Overtake Intel in Key Markets, Challenging Its Leadership

U.S. Chips Act beneficiary Intel Corp’s INTC crisis appears to be worse than expected, as companies ranging from Nvidia Corp NVDA and smaller rivals, erstwhile partners like Microsoft Corp MSFT rush to nab Intel’s market share that is critical for its profitability.Intel stock plunged 58% in the last 12 months as it failed to capitalize on the budding market of new kinds of computing and new applications for chips, the Wall Street Journal cited Doug O’Laughlin of SemiAnalysis.Advanced Micro Devices, Inc AMD ...