AMD, Nvidia, Intel: Things don’t look good for semiconductors

The golden age of chip manufacturing seems to be fading, at least for now.

The just-concluded second-quarter earnings season confirms that semiconductor manufacturers are in for a tough time.

AMD (AMD) Nvidia (NVDA) and Intel (INTC) , three of the industry’s biggest players, reported starkly different performances. But even when the results were encouraging, as in the case of Advanced Micro Devices, the results fell far short of assuaging investor concerns.

Advanced Micro Devices posted a 70% year-over-year revenue increase to $6.6 billion, even as PC sales slowed sharply. The company benefited from strong demand from data centers.

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