Last week’s Intel earnings suggested the tide had turned, and AMD’s Q4 and FY23 agree: PC sales are getting back to where they should be.

It was a crummy year for Ryzen CPUs, losing $46M on 25 percent lower revenue, but things changed last quarter: AMD chips sold 62 percent better YoY for $55M in operating profit. Radeon GPU sales were up too.

Meanwhile, Microsoft saw “PC market unit volumes were at roughly pre-pandemic levels.”