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Wells Fargo analyst David Wong today reiterates an Outperform rating on shares of Advanced Micro Devices (AMD) after concluding its recently introduced “Epyc” server chip can best the latest and greatest from Intel (INTC).

Writes Wong, "It appears to us, from the small amount of third party data available to date, that AMD’s EPYC server processors may well offer better absolute performance and price/performance than Intel’s current Broadwell generation server processors, and perhaps comparable performance and price/performance to Intel’s upcoming Skylake processors which are scheduled for launch next month on July 11."