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AMD shares fall after Intel says it can make enough chips to meet its guidance

AMD dividends were dropping sharply Friday after its main competitor cheered investors about its ability to make enough chips to meet popular.

Intel’s interim CEO, Bob Swan, said the chipmaker has enough supply to chance on its full-year revenue outlook in a letter posted on the company’s website.

Hastened Micro Devices shares closed down 5.2 percent Friday, while Intel’s house rose 3.1 percent.

Last week Jefferies told its customers that AMD could triple its market share due to Intel’s chip lack issues.

Earlier this month, J.P. Morgan said that Intel isn’t confirming enough processor chips to meet demand and that will be a disturbed for PC sales this holiday quarter. The firm estimated the Intel processor and chipset want would hurt fourth-quarter PC shipments by 5 to 7 percent.

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