Coronavirus Not Yet Hurting AMD, Executives Say

Advance Micro Devices expects 25% revenue growth in 2020, plus or minus 5 points, “despite expectations of weaker COVID-19-related consumer demand," said Chief Financial Officer Devinder Kumar on a Q1 call Tuesday. It's one of the few tech companies to not suspend or withdraw guidance. CEO Lisa Su concedes “there’s a lot of questions about visibility.” AMD has “a lot of positives in terms of market drivers” that give the company “good visibility,” she said. “There’s lots of anticipation around the consoles” launching in time for holiday, she said of the PlayStation 5 and Xbox Series X. “There’s no change in our view, as it relates to COVID-19.”