AMD Proves Intel's Problems Belong to Intel -- Is AMD Stock a Buy Now?

Headed into AMD's (NASDAQ: AMD) Q4 2022 earnings report, the burning question on investors' minds was whether Intel's (NASDAQ: INTC) disastrous financial update the week prior would bleed over onto AMD. The longer answer is a bit more nuanced, because the semiconductor industry (specifically the part dealing with PCs and laptops) is in the midst of one of the worst downturns in decades. First, data centers (the computing units for the cloud, AI, and high-performance business computing of all kinds) are a secular growth trend that is propelling the semiconductor industry higher.