chip-maker-amd-prospers-as-rival-intel-struggles

Chip Maker AMD Prospers as Rival Intel Struggles

Advanced Micro Devices Inc. reported a sharp increase in quarterly sales, driven by strength in its data-center business where rival Intel Corp. has been stumbling, but issued a muted outlook for the current period.

AMD on Tuesday said sales reached $6.6 billion in its second quarter, up 70% from a year earlier and ahead of Wall Street expectations. Profit fell 37% to $447 million, reflecting adjustments linked to AMD’s acquisition of Xilinx Inc.

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