AMD beats expectations but accounting write-off leads to a huge $590M net loss

Chip maker Advanced Micro Devices┬áreported today that its first quarter results beat expectations, but the company had a big loss of $590 million. While AMD is very competitive with its product line-up, the results show that it’s not easy to keep waging in the unending war with Intel, the world’s biggest chip maker. Worth noting is that the loss is due not to operations but to an accounting charge.