After a disastrous earnings report from Intel Corp. that acknowledged a big drop in data-center sales and internal mistakes, Advanced Micro Devices Inc. is expected up to show off exactly the opposite. AMD
AMD,
+3.05%
is scheduled to report its quarterly earnings on Tuesday after the market closes, and at least one analyst believes that the chip maker will “destroy [Intel] on server share” after Intel
INTC,
-8.56%
reported dismal results and cut its outlook for the year.
Not only did Intel report a 16% drop in sales to $4.6 billion in data-center sales, Chief Executive Pat Gelsinger reminded analysts he expects Intel data-center sales to grow slower than the overall market. Yet analysts on average expect much larger growth than the overall market for AMD, and those expectations appear to be growing. Opinion: Which Intel CEO is to blame for the current woes? Or is it actually AMD’s CEO? Wells Fargo analysts checked in after the Intel report to say that they now expect that AMD’s server CPU business could double in the second quarter, while they had previously expected 78% growth, and that AMD could add 8 percentage points in overall data-center market share. Bernstein analyst Stacy Rasgon also mentioned AMD in detailing Intel’s results, which he called “the worst we have seen in our career,” and made the prediction that AMD “is about to destroy them on server share given Intel’s performance this quarter.” More on Rasgon: This Wall Street analyst turned his Twitter feed into ‘Sell-Side Stories with Stacy’ That type of performance with data-center chips could help to overpower expec …