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Repeat: AMD Set to Soar After Xilinx Acquisition -- Barrons By Luisa Beltran Advanced Micro Devices, the chip maker long seen as an underdog to rival Intel, doesn't get enough credit for a strategy that is now giving Intel some serious competition. That's according to Larry Cordisco, co-lead of the Osterweis Growth & Income Fund, which invests in mid- and large-cap companies and who is very bullish on AMD's (ticker: AMD) prospects. Advanced Micro is expected to close its $35 billion purchase of Xilinx (XLNX), a rival chip maker, later this year. When AMD does complete the deal, Cordisco expects AMD to generate about $35 billion of sales by 2024. More importantly, AMDs data center revenue could double this year and hit about $12 billion in 2024, Cordisco said. AMD earnings are anticipated to be in the $2.75 to $3 per-share range this year and could shoot up to as much as $7 per share in 2024, he said. (The $7 is dependent on how much AMD management reinvests in the business, Cordisco said.) Net income will likely hit $3.5 billion this year and $11.5 billion by 2024. If AMD closes its buy of Xilinx, earnings could hit $4 a share next year on $7 billion of net income, which is 27 times 2022 earnings, he said.$AMD(AMD)$ $Xilinx(XLNX)$