AMD surpassed rival Intel’s market cap on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earnings that missed expectations for profit and showed declining revenue. Intel’s market cap was $148 billion at the end of trading on Friday. The shift is mostly symbolic, but it signifies a much more competitive market for PC and server chips, where the two companies compete directly. The milestone a...

AMD surpassed rival Intel’s market cap on Friday. AMD stock rose over 3% for the day, giving the chipmaker a market capitalization of $153 billion. Intel fell nearly 9%, a day after disastrous earnings that missed expectations for profit and showed declining revenue. Intel’s market cap was $148 billion at the end of trading on Friday. The shift is mostly symbolic, but it signifies a much more competitive market for PC and server chips, where the two companies compete directly. The milestone a...