One of the most interesting rumour that came out early last year was the alleged talks that Intel was having with its competitor, AMD, over a graphics technology licensing deal. Fast forward to earlier this year, and those rumours somehow resurfaced, saying that Intel CPUs with AMD graphics will be made available in 2017.
Intel, however, has recently refuted these rumours. The company’s spokesperson told CNBC that “the recent rumours that Intel has licensed AMD’s graphics technology are untrue.” Prior to issuing this statement, a particular tech site claimed that the AMD-Intel deal was already confirmed.
This (probably indirectly) resulted in AMD’s stock rising by up to 12% before its Financial Analyst Day event that was held recently. The alleged AMD-Intel deal was, of course, not mentioned during the event. This, added with Intel stating that the rumours were untrue saw AMD’s stock falling back by up to 12% – back to where it initially was.
For those who aren’t aware, the AMD-Intel rumour actually began when it was discovered that Intel’s graphics technology licensing deal with Nvidia was coming to an end. Knowing this, speculations then started to surface regarding a possible deal with AMD instead – which, of course, is now proven to be untrue.
(Source: CNBC, Barron’s, Seeking Alpha, TechPowerUp)
