PC and server shipments are normalizing. Bernstein maintains Intel and AMD's "market perform" rating
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Bernstein released a research report stating that the shipment volume in the PC and server markets is normalizing, with a quarter-on-quarter increase of 7% in the third quarter, but a year-on-year decline of about 2%. Analyst Stacy Rasgon gave Intel and AMD a "market perform" rating, with target prices of $25 and $150, respectively. AMD's market share in both the laptop and desktop segments has increased, reaching 19.2% and 28.7%, respectively. Rasgon pointed out that Intel did not announce many incentives in the third quarter, indicating its efforts to normalize channel inventory
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