AMD sales jump 71%, shrugging off concerns about PC slowdown - 04 mai 2022
AMD’s (US.AMD) results on Tuesday suggest that the chipmaker is still growing fiercely, with 71% sales growth in the first quarter, and every one of its individual lines of business growing by double digits during the quarter. One highlight for AMD is its high-end server chip business, which primarily competes with Intel (US.INL). Some data points show that AMD has taken market share from its rival while it tries to get its manufacturing prowess back.
PC sales are reported in AMD’s computing and graphics segment, which rose 33% on an annual basis and was 8% higher than the December quarter. Cloud server sales are reported in AMD’s Embedded, Enterprise, and Semi-custom segment, which increased 88% to $2.5 billion.
AMD stock has had a rough 2022, dropping over 39% so far, after a blowout 2021 when its sales increased 68% and gross margin grew to 48%. Investors are shying away from semiconductor stocks in the face of increased inflation risk.