Dallas, Texas 08/27/2014 (FINANCIALSTRENDS) – Advanced Micro Devices, Inc (NYSE:AMD) has been in the news for the latest news on the chief of the company looking for new chips in the market.
The company has been driving high on the stock market, because of the potential growth in new chip it is likely to induct
The chip maker is trying to wean itself away from it legacy PC chips which are currently hitting some hard points, in terms of sales. The turnaround which AMD has been aiming for, is currently yet to happen on the continued drop in PC sales.
Graphics Chips are main stay
Advanced Micro Devices, Inc (NYSE:AMD) however, has all along been strong on in the video game market and snared some good revenue this time around.
In recent times, it has been reworking its chips for this sector as well and has been exploring newer age gaming consoles. As the market in this segment expands, Advanced Micro Devices, Inc (NYSE:AMD) will see higher development and design work on chips in this segment, predict industry insiders.
But the long term goal of growth in gaming chips does not hold water with investors.
Investors want AMD to look at graphics expansion
Commonly, investors find that gaming chip segment is rather cyclic in character and does not give the required room for profit-making as with sectors for this hardware maker. Therefore, the stress has been on Advanced Micro Devices, Inc (NYSE:AMD) to find alternative core growth curves in its PC as well as chips for the strong graphic segment, it already dominates.
This need to drive for more powerful graphics chips has led the CEO into a widespread hunt besides choosing some art projects at the famous Burning Man art project.
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