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Earnings Outlook: AMD earnings: How much of Intel’s lunch is the chip maker eating?

Advanced Micro Devices Inc. earnings are expected to benefit from a rare surge in PC sales and what are seen as competitive gains against chip giant Intel Corp., but huge gains in the stock recently are subject to pullbacks given AMD’s traditional volatility following earnings.

AMD AMD, -1.26% is scheduled to report quarterly earnings after the close of trading Wednesday.

Recently, research firms Gartner Inc. and International Data Corp. reported that quarterly PC sales saw their strongest year-over-year growth in six years, and analysts see AMD benefiting from that.

Another likely beneficiary from strong PC sales is chip giant Intel Corp.

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