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AMD's outlook suggests it is gaining further on Intel

Advanced Micro Devices Inc (AMD) rallied as much as 12 percent in late trading after giving a surprisingly strong sales forecast, suggesting it is making further gains on archrival Intel Corp in computer processors. The chipmaker’s first-quarter sales outlook outpaced Wall Street estimates on Tuesday, and AMD is reaching a level of profitability that is nearly identical to Intel’s — something that would have been inconceivable just a few years ago. Fourth-quarter sales and earnings also to...
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