What AMD's Chip Demand Means for Intel

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AMD  (AMD) - Get Report reported earnings.

AMD  (AMD) - Get Report reported adjusted earnings per share of $0.52, beating analyst expectations of $0.47 for the fourth quarter, and revenues of $3.24 billion vs. expectations of $3.03 billion.

AMD projected revenues of $3.1 billion to $3.3 billion for this year’s first quarter, well above analysts’ consensus estimates of $2.72 billion. For the entire year, AMD is guiding for revenue to grow 37%, which was ahead of consensus estimates of roughly 28%.

Jeff Marks, senior portfolio analyst with Jim Cramer's Action Alerts PLUS, weighs in on AMD.

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