Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 14% this past week, according to data from S&P Global Market Intelligence. AMD's shareholders breathed sighs of relief when the chipmaker released its fourth-quarter earnings report after the market close on Tuesday. Going into the week, investors were fearful that AMD's results could mimic those of Intel (NASDAQ: INTC).
These three semiconductor investors are back to discuss Advanced Micro Devices' latest earnings.
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.