The Zen masters

摘要

DAVID HE OF the spat with Goliath, is an overused corporate analogy. But it is hard to think of a more appropriate one for Advanced Micro Devices (amd). On October 29th the American chipmaking tiddler reported its third-quarter results. Lisa Su, its boss, declared herself "extremely pleased". No wonder. At $1.8bn, revenue was the highest since 2005. amd predicted that next quarter's figures would be equally perky, up 48% on the previous year to $2.1bn. Its share price has risen 15-fold since 2015 (see chart).