Will AMD Cut Its Guidance?

·4 min read
Will AMD Cut Its Guidance?

Advanced Micro Devices (NASDAQ: AMD) reported some stellar first-quarter results. Sales of PC processors and graphics cards surged 33%, while server, embedded, and semi-custom chip sales soared 88%. AMD's growth over the past few years has been fueled by market share gains in the PC and server chip markets, the launches of the latest generation of game consoles, and a very strong market for PCs during the pandemic.

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