https://wccftech.com/amd-nasdaq-amd-shares-soar-over-16-as-intel-flounders-in-the-7nm-arena/

AMD (NASDAQ:AMD) has emerged as the biggest winner from Intel’s (NASDAQ:INTC) massive cock-up yesterday, further cementing its status of a rising challenger. As an illustration, AMD shares are up 16.27 percent, trading at $69.26 price level, as of 14:50 ET. Should AMD manage to close near this point, it will have formed a fresh all-time high.

So, how did AMD receive such a boost? The saga began yesterday when Intel revealed as part of its Q2 2020 earnings: