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AMD Forecasts Sales Slowdown Due to Weak PC Demand

By
Kevin McLaughlin
· · Source: The Information

AMD had a much better fourth quarter of 2022 than rival Intel, with revenue rising 16% to $5.6 billion in the three months to Dec. 31 and 44% to $23.6 billion for the full year. AMD shares rose 1.5% in the wake of the report after closing up nearly 4% in regular trading. Yet AMD isn’t immune to the tech spending slowdown, as the chip maker forecast a 10% decline in sales for its current...

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