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James J. Cramer:
Take into consideration the growth rate of each company. With AMD forecast to triple its EPS in 2006, and Intel, which I own in my charitable trust,
ActionAlertsPLUS, growing at a modest 11% clip, it's understandable that investors would be willing to pay a higher earnings multiple for AMD. Also, AMD has been delivering some great products of late that threaten to take some market share from Intel, and investors and analysts have been turning more bullish on AMD.
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