AMD gets a boost from Microsoft

|About: Advanced Micro Devices, Inc. (AMD)|By:, SA News Editor

AMD (AMD +3.6%) has joined Intel (previous) in rallying following Microsoft's FQ1 beat, which was driven in part by a smaller-than-expected Windows sales decline.

Microsoft's Windows OEM revenue fell 7% Y/Y in FQ1; that's a smaller decline than FQ4's 15%, and beat guidance for a "mid-teens" drop. Stabilizing enterprise PC sales led "Pro" OEM license revenue to rise 6% Y/Y, while ongoing consumer weakness led "non-Pro" revenue to drop 22% (still a little better than expected).

A week ago, AMD sold off after disclosing in its Q3 report CPU division sales fell 6% Q/Q and 15% Y/Y. Those numbers ignited fresh concerns about PC CPU share loss to Intel.

Yesterday: AMD higher as high-end GPU launches to good reviews