5G and Data Center Stock Xilinx Continues to Rebound on Improving Sales

The last couple of years have not been easy for Xilinx (NASDAQ: XLNX). A normal cyclical slump in semiconductor sales was exacerbated by ongoing effects from the trade war between the U.S. and China (yup, that's still happening). But with sales to China's tech giant Huawei mostly removed from the picture now, strength in 5G and data center demand is helping this chip company make a comeback.

First, let's address the rumors that recently surfaced that scrappy chip designer AMD (NASDAQ: AMD) was in talks to acquire Xilinx. Shares of our primary subject increased by a double-digit percentage on the speculation ahead of the latest quarterly report. But in keeping with confidentiality rules, Xilinx management didn't discuss or field any questions on possible negotiations with AMD. Besides, a note from analysts at Citigroup states Xilinx isn't interested in selling out.  

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Source Fool.com