Intel and AMD have surpassed multi-month resistance levels, while Nvidia saw a 2.12% gain and Broadcom shares declined. Intel closed Wednesday at $106.24, and AMD reached $521.10. Market analysts observe a shift in AI workloads, with the GPU-to-CPU ratio expected to move toward parity as agentic systems require more CPU coordination.
AMD forecasts the server CPU market will grow to $120 billion by 2030 from a base of $30 billion. Intel reports backlogs exceeding six months, with EPYC processors sold out for 2026. Server CPU prices have risen by 10% to 35% per quarter. Intel plans a further 10% price increase in October, while Northland set a price target of $120 for the company.
Intel shares broke a descending resistance trendline on September 4, rising 4.5% that Friday and 9% on September 8. The latter move followed a filing revealing Nvidia holds an Intel stake valued at $30 billion. Intel currently trades near the $103.49 level, with the next resistance point at $109.30, following a period of sideways movement in August.
AMD exited a symmetrical triangle pattern on September 9, establishing support at $514.39. The company reported second-quarter data center revenue of $6.7 billion, a 107% increase, with third-quarter revenue guidance at approximately $13 billion. The stock's forward price-to-earnings ratio is near 47, compared to a trailing figure exceeding 130.
Despite recent gains, both companies face financial challenges. Intel Foundry recorded a loss of $2.089 billion in the last quarter, while AMD reported a 31% decline in gaming revenue. Intel remains 25% below its 52-week high, whereas AMD trades 11% below its record peak of $584.73.
