Chip maker AMD prospers as rival Intel struggles

3 min read . Updated: 03 Aug 2022, 08:26 PM IST ASA FITCH, The Wall Street Journal

Advanced Micro Devices’ sales surged despite PC-market woes

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.