Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Beijing is still short on details on how it will respond to new U.S. tariffs on Chinese goods.World Economyread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Target's latest earning report shows how these investments are driving traffic and sales at a time when other retailers are struggling.Retailread more
The chip, called the Ascend 910, was first unveiled in October last year and is aimed at data centers.Technologyread more
Brazilian President Jair Bolsonaro hit back at French leader Emmanuel Macron, after he urged dialogue among G-7 leaders on the rising number of fires in the Amazon rainforest.World Politicsread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
"The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate," Jim Cramer says.Mad Money with Jim Cramerread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
"Make no mistake, Intel is going to have to fix this and it will take many, many, many years. Their process technology disadvantage, which I think is broken, will take five, six, seven years," Rosenblatt Securities' Mosesmann told "Power Lunch." "I don't think that business model works by them being behind by a year or two in terms of process technology."
Intel has teased the large-scale release of its next-generation 10 nanometer chips for years, promising they'd deliver better performance with lower power usage than chips built with the company's older generation, 14 nanometer technology. Intel said last month that its 10 nanometer chips will be released for holiday 2019.
Samsung is already manufacturing 10 nanometer chips, and AMD plans to launch 7 nanometer products later this year. One nanometer equals one-billionth of a meter.
Meanwhile, AMD's stock has been rising and the company has been gaining market share at Intel's expense, making for a dynamic Mosesmann described as "unprecedented."
In AMD's competition with Intel, "we are at the very, very early stages of a multiyear market share gaining dynamic," Mosesmann said. "I think [AMD has] 1 percent of the market today — they will probably get that 25 percent and then some over the next several years."
For its part, Intel sees big growth ahead, especially from data, artificial intelligence and upcoming products.
"I don't talk to customers about nanometers, what they care about is delivered system-level performance. Our job is to deliver a consistent level of improvements in performance year after year after year," Navin Shenoy, executive vice president of Intel's data center group, said in a statement.
Rosenblatt Securities raised its price target on AMD shares to $30 from $27 on Thursday, citing the chipmaker's process manufacturing advantage versus Intel and Nvidia. The new forecast is 25 percent higher than where AMD shares traded Friday, and is the highest target on Wall Street so far, according to FactSet.
AMD closed up 7.6 percent Friday at $23.98 per share. Intel rose 1.5 percent, to $47.66.