(CNBC) AMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the board, AMD’s data center business is growing with the introduction of a new chip, and its pandemic-era acquisition of specialty chip-maker Xilinx is also contributing growth. On Tuesday, AMD said it expected $5.3 billion in sales in the March quarter, which would be a 10% year-over-year decline in sales.
Why AMD is faring much better than Intel in the same tough economy
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