Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD) have experienced contrasting starts on the stock market in 2022, with the former heading higher despite the sell-off in tech stocks.
AMD, meanwhile, has lost ground, as investors seem to be hitting the sell button on tech stocks trading at rich valuations thanks to a potential increase in interest rates by the Federal Reserve. On the other hand, the signs of a turnaround at Intel and its cheap valuation have probably made it an attractive bet for investors hunting for value plays.
Source Fool.com