MarketWatch First Take: AMD earnings cap a stunning 2017, but there is still plenty to do

Advanced Micro Devices Inc., the perennial underdog to Intel Corp., just completed its first profitable year since 2011 as the chip maker’s turnaround showed actual results, but 2018 will be even more important.

AMD’s stronger-than-expected fourth quarter included a huge 60% jump in revenue in its compute and graphics business, due to its new Ryzen and Radeon chips in desktop PCs, laptops and Macs. Total revenue jumped 34% to $1.48 billion, boosting full-year revenue to $5.33 billion for growth of nearly 25%.

“2017 marked a key product and financial inflection point for AMD,” Chief Executive Lisa Su told analysts on the conference call.

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