(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.
Most Read from Bloomberg
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….
Source link
