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AMD sales forecast predicts trouble for Intel
Advanced Micro Devices Inc. rallied as much as 12% in late trading after giving a surprisingly strong sales forecast, suggesting it’s making further gains on archrival Intel Corp. in computer processors.
The chipmaker’s first-quarter sales outlook outpaced Wall Street estimates on Tuesday, and AMD is reaching a level of profitability that’s nearly identical to Intel’s -- something that would have been inconceivable just a few years ago.
Fourth-quarter sales and earnings also topped analysts’ predictions.
[Bloomberg]
Advanced Micro Devices Inc. rallied as much as 12% in late trading after giving a surprisingly strong sales forecast, suggesting it’s making further gains on archrival Intel Corp. in computer processors.
The chipmaker’s first-quarter sales outlook outpaced Wall Street estimates on Tuesday, and AMD is reaching a level of profitability that’s nearly identical to Intel’s -- something that would have been inconceivable just a few years ago.
Fourth-quarter sales and earnings also topped analysts’ predictions.
[Bloomberg]
