AMD disclosed first-quarter profits that topped analyst projections for earnings and revenue
Several analysts predict that PC sales will decline this year due to work from home. Some investors say the PC craze is over
but AMD, which supplies the processor at the heart of many laptops and desktops, isn’t feeling the decline.
AMD CEO Lisa Su stated that the company had grown market share in PC processors for eight consecutive quarters.
AMD's computing and graphics sector recorded a 33 percent year-over-year increase in PC sales, which was up 8% from the previous quarter.
Check AMD performance in the quarter ending March
$1.13, adjusted, versus $0.91 expected, up 117% year-over-year
$5.89 billion, versus $5.52 billion expected, up 71% year-over-year
AMD forecasted revenues of $6.5 billion in the current quarter, above expert estimates of $6.38 billion.
AMD competes with Intel. According to some statistics AMD has grabbed market share from its rival .
AMD vs Intel
US inflation consumer prices rising 8.3% lower than March