Advanced Micro Devices (AMD) seen lagging behind Intel (INTC)

Filed under: Major movement, Analyst reports, Bad news, Industry, Competitive strategy, Intel (INTC), Advanced Micro Dev (AMD), Options, Technical AnalysisAdvanced Micro Devices Inc. (NYSE: AMD) stock is falling this morning after an analyst yesterday expressed concern that microchip producers are falling behind industry leader Intel (NASDAQ: INTC) in product offerings. The Cowen and Co. analyst said that AMD continues to lag behind Intel's new graphics processor offerings while the market is increasingly demanding graphics-intensive applications. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on AMD.After hitting a one-year high of $23.00 in December, the stock has fallen much of the last year and hit a o