Intel (INTC) will lose market share to Advanced Micro Devices (AMD) next year, according to Northland Capital Markets.

The firm’s analyst Gus Richard lowered his rating for Intel stock to Underperform from Market Perform, citing its lagging chip-manufacturing technology. Richard lowered his price target for Intel stock to $42 from $46. He predicts Intel’s 2019 sales will be negatively affected by lower demand from data centers and market-share losses to AMD.

“INTC...