- 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%.
Report: Intel denies story of license deal with AMD
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| Symbol | Last Price | % Chg |
|---|---|---|
| AMD | - | - |
| Advanced Micro Devices, Inc. | ||