I look at Advanced Micro Devices (AMD 3.56%) earnings in today's video and share three reasons Intel (INTC -0.50%) should be worried.
- Intel last week reported a slowdown in revenue from its data center group. AMD just announced that it doubled its data center revenue.
- AMD has seen six straight quarters of record mobile processor revenue as the number of customers increases. AMD could be taking market share of notebooks and laptops from Intel.
- For FY 2021, AMD guided revenue growth of 50% year over year. At the same time, Intel expects a revenue decline of 1% year over year.
Click the video below for my full thoughts.
*Stock Prices used were the closing prices of April 27, 2021. The video was published on April 27, 2021.