Gaming Will Revitalize Advanced Micro Devices
February 22, 2013 | 6 comments | about: AMD
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in AMD over the next 72 hours. (More...)
Once a competitive chipmaker, Advanced Micro Devices (AMD) has been forgotten by the investing community since March 27th 2012. On that day the stock started it's decline from $8.08 a share to a 4 year low of $1.95 a share on November 28th 2012. The PC decline that affected much larger competitor Intel Corporation (INTC) has all but crushed the smaller AMD. The stock's drastic decline was caused by a series of quarters where the company experienced slowed sales, lower revenue and decreased guidance.
However, there may be light at the end of the tunnel and Sony Corporation (SNE) might be operating the train.
The Wall Street Journal reported on February 18th that SNE will use an x86 processor made by AMD in its new Playstation 4 game console, which is scheduled to be released Fall 2013, this specification differs from the company's Playstation 3 console which uses a PowerPC based CPU. IB Times reports that not only will SNE use the AMD branded CPU but Microsoft (MSFT) will also be using the company's x86 processor for its next game console, Xbox 720.