CES is giving semiconductor companies a chance to show off their latest chips
Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) are getting plenty of attention today, as investors monitor the Consumer Electronics Show (CES) in Las Vegas. Intel today launched Panther Lake, its latest AI chip for laptops, which is the first to use to its 18A manufacturing process.
INTC is up 1.3% to trade at $39.90 at last check, now sporting a 100.9% year-over-year lead. The security has struggled with overhead familiar overhead pressure at $42.50 since pulling back from its Dec. 3, 52-week high of $44.02, but long-term support at the 40-day moving average has kept losses in check.
Calls already dominate Intel stock's options pits. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), AMD's 50-day call/put volume ratio of 1.60 sits higher than 85% readings from the last year.
Intel's launch is casting a shadow over AMD's new chip, released yesterday. AMD was last seen down 3.2% to trade at $213.94, pacing for its fourth loss in the last five sessions. Over the last nine months, the stock has added a whopping 173.4%, with its ascending 80-day moving average containing extensive pullbacks.
Options traders lean overwhelmingly bearish on AMD, per its Schaeffer's put/call open interest ratio (SOIR) that stands in the 99th percentile of its annual range.