Here is a summary of recent earnings reports for selected technology companies and what they reveal about the state of corporate spending:
April 13: Intel Corp. says net income in the first quarter nearly quadrupled. Revenue was up 44 percent. Intel says corporations are upgrading their employees' computers and buying more servers.
April 15: Advanced Micro Devices Inc. shows a 34 percent increase in revenue and says spending on servers is "pretty healthy." The microprocessor maker's CEO says he is less certain about corporate spending on personal computers.
Last Friday, Intel CEO Pat Gelsinger told CNBC he thinks the chip shortage will last into 2024.
The Radeon RX 6500M outperforms the Intel Arc A370M in AMD benchmarks. This week, Intel unveiled its Arc laptop GPUs, which featured the A370M from the Arc 3
AMD has a larger market cap than Intel for the first time in history. Since its initial Zen architecture in 2017, AMD's fortunes have improved dramatically.
