Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD).Bridget Bennett | Bloomberg | Getty ImagesAMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the board, AMD’s data center business is growing with the introduction of a new chip, and its pandemic-era acquisition of specialty chip-maker Xilinx is also contributing growth.On Tuesday, AMD said it expected $5.3 billion in sales in the March quarter, which would be a 10% year-over-year decline in sales.That’s not a rosy outlook, but it’s much stronger than Intel’s guide for the March quarter. Last week, Intel said it expected about $11 billion in sales, which would be a 40% year-over-year decline.Neither chipmaker gave full-year guidance, citing economic uncertainty. “We want to be cautious obviously heading into the year just given the macro environment,” AMD CEO Lisa Su told analysts on the company’s earnings call.But the stock market is reflecting how the two companies are diverging.After Intel’s report last week, it fell over 7% in extended trading. AMD rose under 2% after its earnings report on Tuesday.Both companies are facing a slump in PC market, after two years of elevated sales during the Covid pandemic, as people bought new computers to work or go to school from home.AMD’s PC chip group revenue declined 51% on a year-over-year basis in the fourth quarter. Intel’s declined 36%, but from a larger base. Overall, AMD CEO Lisa Su said on Tuesday that it expects the t …
