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Report: Intel denies story of license deal with AMD

Published 05/17/2017, 10:44 PM
© Reuters.  Report: Intel denies story of license deal with AMD
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  • Intel (INTC -2.2%) has thrown cold water on the report that it would license graphics technology from AMD, with a straight-up denial.
  • AMD (whose stock fell 12.2% today) had refused to comment on a report by Fudzilla. But Intel tells Tiernan Ray "The recent rumors that Intel has licensed AMD's graphics technology are untrue."
  • Fudzilla had said it was confirming the licensing deal, which it suggested was a logical result of the expiration of Intel's deal with Nvidia (NVDA -6.6%). AMD's stock rose 11.7% yesterday.
  • In the postmarket session tonight: AMD +0.5%; INTC +0.2%; NVDA +0.9%.
  • Now read: Can Nvidia Climb Higher?


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