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Earnings Outlook: AMD earnings: In a weakening chip sector, AMD brings rare optimism

Advanced Micro Devices Inc. is about to get its turn to show if it was affected by problems in the chip market, or if it was able to capitalize on the weakness and siphon off market share from larger rival Intel Corp.

AMD AMD, +0.80% is scheduled to report first-quarter earnings after the closing bell on Tuesday, fresh on the heels of those from larger rival Intel INTC, -8.99%which saw its shares plummet Friday following a very scaled-back “cautious” outlook for the year. Back in January, AMD had forecast a weak first quarter but won investors with an optimistic 2019 outlook, when the chip maker said it expected “high single-digit percentage revenue growth” for the year when the Street was looking for 6% growth.

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