Advanced Micro Devices (NYSE:AMD) reported first quarter earnings of 17 cents a share, well ahead of the Zacks Consensus Estimate of earnings of 9 cents. Despite the solid beat, investor response was lukewarm (shares up just 1.88% in after-hours trade).
Both Intel (NASDAQ:INTC) and Microsoft (NASDAQ:MSFT), which have significant exposure to the PC market, reported positive surprises because the HDD shortage had a less-than-expected impact on sales and channel build rates appeared to be on the rise. AMD also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards