Intel, AMD chip battles play out on Wall Street

FORT COLLINS – People driving through the intersection of Harmony and Ziegler roads during the week of April 14 might have heard some raspberries being blown across the street from the rival chip manufacturers on opposite corners there.

Intel Corp. (Nasdaq: INTC) and Advanced Micro Devices Inc. (NYSE: AMD) released closely watched earnings that week. While the chip war was waged between engineers innovating in labs on Harmony Road in Fort Collins, the companies played it out financially on Wall Street.

Both companies had revised their previously stated first-quarter expectations prior to the end of the quarter. Intel revised its gross margin…