Advanced Micro Devices Inc. AMD.N , the No. 2 maker of microprocessors, on Wednesday posted a wider first-quarter loss on revenues that rose slightly from the prior quarter as it said it took market share from larger rival Intel Corp. INTC.O .

But analysts were cautious about whether AMD would hit a bump in the coming quarters as distributors run down excess inventories, and cautioned that the company could suffer if Intel decided to start a price war in the market for flash memory used in cell phones.

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