Fudzilla "Confirms" Intel-AMD Deal, AMD Stock +11%, Intel Denies, AMD Stock -12.16%

Discussion created by black_zion on May 17, 2017

I think it's funny how Wall Street reacts to rumors. On 5/15 Fudzilla reported Intel is licensing AMD's graphics which caused Shares of Advanced Micro (AMD) Rally on New Intel Licensing Deal - resulting in a +12% stock price increase. Today, Intel Refutes Rumor of Licensing AMD Graphics Technology - Barron's which resulted in a 12.16% stock price decrease. Also as a side effect, AMD Downgraded (NASDAQ:AMD) Analyst Thinks Intel Deal Is 'Unlikely' | Benzinga.