AMD Profit Margin Hit by Price War with Intel

Advanced Micro Devices (AMD) has reported that its profit margin took a hit in its most recent quarter because of its price war with Intel. Some investors are concerned, the two rivals will wage another bruising price battle in the upcoming all-important fourth quarter or next year. While AMD's net profit rose, its gross margin, a key measure of profitability tumbled to 51.4 percent in the third quarter from 56.8 percent the previous quarter, raising concerns about the chipmaker's ability to battle Intel.

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