Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of chip maker Advanced Micro Devices
So what: Revenue increased 4% year over year to $1.69 billion while adjusted profits came in at $0.15 per share, even with last year's Q3. Analysts had been calling for just $1.65 billion in revenue and $0.10 per share of earnings. AMD tempered expectations late last month when it disclosed production problems at its main supplier, GlobalFoundries.
Now what: More impressive, I'd say, is that AMD claimed to take laptop market share from its main rival, Intel
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