Meanwhile Intel continues the journey for a comeback after years of AMD practically being favored as a main CPU alternative for public and enterprise, the very same AMD is not having a seamless journey on continuing to the top and this is thanks to a tanking PC market.

AMD reported having closed Q1 2023 with $5.4 billion in revenue, continuing the year-over-year slide they’ve been experiencing throughout the past few quarters. 

PErformance speaking, AMD’s top-line revenue dropped by 9% compared to last year, which could have been worse if it wasn’t for Xilinx performance, the hardware and logic circuit company that AMD bought last year.

The acquisition itself is seen as a big boost for the company heading for the first anniversary but everything else is just the state of the PC and computing market.

Client side revenue, which includes the Ryzen used for consumer computing and PC Gaming, dropped 65% since last year, which is a big negative slide. Meanwhile, corporate business saw an increase but again, thanks to the influx of Xilinx numbers.

AMD did cautiously forecasted an expected growth in the second half of 2023 with hopes that the PC market will improve but that investors should keep in mind that any current event might change.