The graphics chip space is transitioning to a three-way battle, with Intel Corporation INTC indicating it will to plunge headlong into the market that's dominated by Advanced Micro Devices, Inc. AMD and NVIDIA Corporation NVDA. Intel announced earlier this week it was hiring AMD's graphics business head Raja Koduri, and also indicated that it plans to go after AMD and Nvidia by developing high-end discreet graphics solutions. The Analyst Morgan Stanley analyst Joseph Moore explored the implications of the latest development for Intel, AMD and Nvidia. The Rating Morgan Stanley has an Equal-weight rating and $39 price target for shares of Intel. SourceThe upside is over. The price will go down to the lower edge of the rising channel. $INTC, Intel Corporation / D The price will try to reach the upper edge of the falling channel. $AMD, Advanced Micro Devices, Inc. / D The price will go down to the lower edge of the rising channel. $NVDA, NVIDIA Corporation / D