The PC graphics card market is still deeply depressed from peak pandemic-era levels. Jon Peddie Research reported this week that overall shipments tumbled 36% year over year in the second quarter. But there was some good news, particularly for Advanced Micro Devices (NASDAQ: AMD).

While overall graphics card shipments were down from Q2 2022, shipments increased by about 3% from Q1. That could be a sign that demand is finally bottoming out.

AMD has been hit particularly hard by the graphics card downturn. The company's unit market share had dropped to just 12% in Q1, down by half over the prior year. Part of the problem was a severe decline in PC sales. Global shipments of PCs crashed 29% year over year in Q1 as consumers and businesses saw little reason to upgrade and as the industry worked through excess inventory.

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Source Fool.com