Intel denies licensing deal with AMD.
INTC : Report: Intel denies story of license deal with AMD
10:44 pm, Wed, May 17, 2017
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Report: Intel denies story of license deal with AMD
May 17, 2017 10:44 PM ET|By: Jason Aycock, SA News Editor
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%.