AMD's Struggling Gaming Business Could Take Another Hit This Year

A lot is going right for Advanced Micro Devices (NASDAQ: AMD) right now. The company has been gaining share in the PC CPU market, its server CPUs have been selling well, and its AI accelerators have quickly turned into a multibillion-dollar business.The gaming business is another story. AMD's gaming revenue crashed 69% year over year in the third quarter of 2024 to just $462 million. For comparison, the data center segment produced $3.5 billion in revenue during the same quarter.There are two issues at play. First, AMD supplies semi-custom chips for the major game consoles. The current generation of game consoles are now in the latter part of their life cycles, so it makes sense that demand is slumping.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool