In the last few years, Advanced Micro Devices (AMD) has grown without the benefit of one of its best businesses. The company has long provided chips for the major video game consoles, but the related console business for this cycle peaked all the way back in 2016.AMD has seen surging demand for CPUs and data center chips, but the semi-custom chips provided to the console companies has collapsed to next to nothing. Both Sony and Microsoft plan to launch new consoles in 2020 with AMD chips providing another revenue boost for the company.Citing the upcoming PS5 launch, Northland analyst Gus …read more
Source:: Yahoo Finance
