AMD's Next Huge Catalyst Has Finally Arrived
Advanced Micro Devices (NASDAQ: AMD) is winning big from the gaming console market as its semi-custom semiconductor chips are used by Microsoft and Sony to power their latest generation consoles, the PlayStation 5 (PS5) and the Xbox Series X/S.
These consoles have given AMD's enterprise, embedded, and semi-custom (EESC) business a big boost, triggering massive revenue growth as consumers have been lining up to buy the PS5 and the Xbox Series X/S. The demand for these consoles has exceeded supply so far. The good news for AMD is that the PS5 and the new Xbox devices are expected to keep selling in big numbers in the long run.
Now, AMD's semi-custom chip sales are set to get another shot in the arm thanks to Valve Corp.'s latest handheld gaming PC (personal computer) that could turn out to be a sales hit.
Source Fool.com
