1 Big Reason AMD's Hot Streak Will Continue in 2020
Advanced Micro Devices (NASDAQ: AMD) stock has more than doubled so far this year. But there's no need to worry if you've missed this terrific run as AMD is built for more upside.
The strong growth of AMD's computing and graphics business has been critical to the stock's impressive rise. However, there's one area where the chipmaker is still coming up short: the enterprise, embedded, and semi-custom business segment (EESC).
AMD's EESC revenue was down 27% in the third quarter. Lower sales of the company's semi-custom chips that are used in gaming consoles hurt this segment considerably last quarter, erasing the gains delivered by AMD's EPYC server processors. Operating income also took a hit, falling 29% year over year.
Source Fool.com
