Stocks

AMD beats revenue estimates with $4.31B

Advanced Micro Devices reported its revenues and earnings for the third quarter ended September 30 exceeded expectations, with revenue growing 54% to a record $4.3 billion.

Non-GAAP net income for the quarter was $893 million, or 73 cents a share, beating expectations of 67 cents a share on a non-GAAP basis. AMD said it was increasing its annual earnings forecast and its shares are up slightly to $123.15 a share in after-hours trading.

The Santa Clara, California-based company has had a good run on momentum behind its Zen and Zen 2 architectures for processors, which can generate 50% or more better performance per clock cycle than the previous generation. This architecture put AMD ahead of Intel in performance for the first time in a decade, and it has helped the perennial No. 2 PC chip maker into a fast-growing contender against Intel.

VentureBeat

AMD is doing so well. They were $14 like 5 years ago and they are rocking at $120. They’ve done so many things right and they profited on Intel’s missteps.

Technology

Intel readies 12th-gen Alder Lake chips

Intel’s 12th Gen Alder Lake chips have finally arrived, ushering in a new era of the company’s chips, lead by the flagship Core i9-12900K CPU, which Intel promises is the “world’s best gaming processor.”

Intel is also heavily pushing Windows 11 as a key part of its Alder Lake lineup, noting that it’s worked with Microsoft to optimize its Intel Thread Director software to better manage tasks across threads when using the new OS. We’ll have to do some testing ourselves to see whether Windows 11 offers a notable boost in performance, however, along with how well the new chips stack up against competition from AMD and Apple.

Preorders for the new Intel 12th Gen chips start today, with the chips available on November 4th.

The Verge

Intel needs this success badly.

Technology

And there’s a new MacBook Pro

There’s an option of M1 Pro and M1 Max, which does up to 10-core CPU and 32-core GPU.

Notch is now in MacBook Pro. Personally, I don’t hate the notch since the trade off is a smaller device with higher screen to non-screen ratio.

Notch is here!

And looks like MagSafe is returning to MacBook Pro. Also exciting is the promise of charging to 50% in just 30 minutes. Very welcomed feature!.

MagSafe’s back.

This round of updates to MacBook Pro shows Apple made the right decision to ditch Intel and develop their own processors. With this Apple is able to introduce faster processing and leapfrog their competition.