BenchmarkReviews.com: One year ago Advanced Micro Devices, Inc. (NYSE:AMD) company stock was publically trading for $8.20 per share, and since then value has sunk to as low as $1.86 per share, performing far worse than other stocks within the same industry. While the numbers don't lie, they don't always tell the entire story. Not so long ago I wrote an article that asserted how game developers would see new demand for their products as the platform technology improved. The obvious winners were those invested in game console production and development, but it was too early to point the finger at many specific names. Sony's PlayStation and Microsoft's XBOX platform were expected to thrive well into the next generation, but hardware component suppliers were still an unknown... until now. Unofficially announced, both Sony and Microsoft have selected Advanced Micro Devices as the source of their next-generation console processor needs. How much will this help to save a failing company?
AMD has launched their Radeon RX 7900 GRE graphics card in the west. Can thew new cards be GREat though? Tony the Tiger in the house.
Microsoft is laying off more employees, a new round after they cut thousands last year. It seems like many big tech companies are doing the same.
Amidst the AI frenzy of 2023, major players like Google, Microsoft, and Meta are in the spotlight, launching their own generative AI systems.
Id say it would hard to to imagine how consoles wont vastly help AMD. However, the devil is in the details. Meaning that if amd is selling each gpu for pennies on the dollar type of profits, the benefit may only be marginal.
it could depending on the profits they make.
but with them powering the big three console manufacturers, we definitely wont be seeing the last of them soon.