AMD shares jump as earnings defy collapse seen at Intel

📆 2/1/2023 2:30 PM
📰 Reuters

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Shares of Advanced Micro Devices Inc rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market.

AMD's data center business revenue grew 42% in the quarter, compared with the 33% decline recorded at Intel's data center and artificial intelligence unit in the same period.

"AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge.

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Oom Llook

AMD has sold a lot of chips to pc building companies. And they are more powerful than intel.

Probably why Intel is having the Chinese flood the market with the Celeron chip $200 mini computers. Getting desperate.

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